This SME shipping company stock has zoomed 68% in three days

Knowledge Marine has declared L1 bidder by the Visakhapatnam Port Trust for the tender of supply, manning, operation of high-speed patrol boat with 15 knots speed on hire basis for a period of 3 years

Shares of Knowledge Marine & Engineering Works (KMEW) were locked in the upper circuit of 20 per cent at Rs 70.55 on the BSE in Tuesday's session on the back of heavy volumes. The stock of the shipping company has zoomed 68 per cent in the past three trading days from the level of Rs 41.90 on October 7, 2021.

Till 10:55 am, around 1.25 million equity shares or 12.25 per cent total equity of KMEW has changed hands on the BSE. There were pending buy orders for 447,000 shares on the BSE, the exchange data shows.

KMEW