Shares of the company have gained more than 130 per cent in the last six months.

FIIs doubled their stake in the company, which provides integrated services to ports, the Indian Navy, and other maritime organisations in India.

Today, shares of Knowledge Marine & Engineering Works Ltd (KMEW) surged 12.75 per cent and reached a new 52-week high of Rs 1,146.35 apiece. The stock generated multibagger returns of 329.75 per cent in just 6 months and 661.75 per cent in 1 year.

Stocks in the banking, media and metal industries were in high demand, while pharma, healthcare and real estate stocks experienced some selling pressure.

BSE Smallcap index plunged 2.87 per cent to end the session at 24,346.96.

BSE Smallcap index significantly underperformed broader markets by recording losses of 1.16 per cent to close at 26,384.14.

On Tuesday around noon, the headline equity indices, i.e. Sensex and Nifty 50 were trading flat as compared to the last trading session, owing to a rise in the crude oil price, as the European Union (EU) has finally decided to ban almost 90 per cent crude oil imports from Russia by the end of 2022.  

BSE Smallcap index gained 1.97 per cent, closing at 28,043.69.  

At noon on Tuesday, the core equity indices i.e., Sensex and Nifty 50 were seen trading on the greener side. The Sensex was at 57,297.66, up by 891.82 points or 1.58 per cent, while Nifty was at 17,103.95 up by 260.10 points or 1.54 per cent from the last trading session.