Heavy buying: Ashish Kacholia gains Rs 5,68,35,000 in this small-cap multibagger stock in just one day!

Shares of the company gained more than 30 per cent in the last six months.

Shares of Knowledge Marine & Engineering Works Limited gained over 15.87 per cent on Thursday. The stock witnessed heavy buying activity from investors on Thursday. Ace investor Ashish Kacholia holds a 2.78 per cent stake in the company. In the last six months, the stock has gained about 30 per cent.

Ace investor Ashish Kacholia made a killing on Thursday, pocketing over Rs 5.68 crore in profit on his 300,000 shares in Knowledge Marine, which soared by Rs 189.45. The stock has also delivered multibagger returns of over 3600 per cent in the past three years.

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Recently, the company bagged a USD 2,199,990 order from the Myanmar Port Authority to dredge and maintain the Yangon River. The order, to be executed within six months from October 1, 2023, is the company's second contract from Myanmar.

The company posted robust half-yearly results. The revenue of the company for H2FY23 stood at Rs 76.82 crore which increased by 87.89 per cent YoY. The company's operating profit stood at Rs 34.89 crore, while the PAT of the company stood at Rs 23.36 crore, which increased by 43.08 per cent on a YoY basis.

Knowledge Marine & Engineering Works Limited is primarily engaged in the business of owning, chartering, hiring along with manning, operation and technical maintenance of marine crafts and repairs & maintenance of marine crafts and marine infrastructure and allied works in India.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.