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Knowledge Marine is currently trading at Rs. 1315.00, up by 75.60 points or 6.10% from its previous closing of Rs. 1239.40 on the BSE.

The scrip opened at Rs. 1244.00 and has touched a high and low of Rs. 1351.00 and Rs. 1242.00 respectively. So far 8875 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1815.00 on 01-Sep-2023 and a 52 week low of Rs. 800.35 on 25-Nov-2022.

Last one week high and low of the scrip stood at Rs. 1417.95 and Rs. 1221.05 respectively. The current market cap of the company is Rs. 1338.68 crore.

The promoters holding in the company stood at 67.09%, while Institutions and Non-Institutions held 0.34% and 32.58% respectively.

Knowledge Marine & Engineering Works through its subsidiary company 'Knowledge Dredging Co. W.L.L’, has received a Letter of Intent (LoI) from NASS Corporation B.S.C for the supply of dredged marine sand in Bahrain. This notable contract carries a substantial value of 3.01 Million Bahraini Dinar (round equivalent to Rs 66.38 crore, using an exchange rate of 1 BD = Rs 220.44) and spans a tenure of 5 years. Set to commence during the third quarter of the fiscal year 2023- 2024.

This signifies the company's attainment of the sixth contract for the supply of dredged marine sand in Bahrain. Having successfully secured six contracts, the company has established an order book totaling Rs 450 crore for the upcoming five years and has added another significant achievement to its portfolio. This achievement highlights the robust demand in the Bahraini economy, driven by a notable upswing in both real estate activities and associated infrastructure development.

Knowledge Marine & Engineering Works is engaged in the business of owning and operating of Marine Crafts for dredging along with repairs and maintenance/refits of Marine Crafts and Marine Infrastructure.