KMEW stock up by 20% today

25 Jul 2022 , 02:41 PM

On Monday, shares of Knowledge Marine & Engineering Works (KMEW) rose 20% amidst significant activity in an otherwise sluggish market, setting a new high of Rs 392.40 on the BSE. In the last two trading days, the shipping company’s stock has soared by 44%. The S&P BSE Sensex, in contrast, was down 0.7% at 55,680 at 11:52 AM.

The number of equity shares traded on the counter increased by approximately 16 times, from 16,000 on average each day over the previous two BSE trading weeks to 251,000.

Currently, KMEW is listed on the BSE SME Platform within the M group. Small and medium-sized businesses with strong development potential are the focus of the exchange’s SME platform. SMEs with post-issue paid-up capital of less than or equal to Rs 25 crore are eligible to use the Exchange’s SME platform.