This stock will jump 40%... Brokerage Nuvama says, 'Buy it, it has potential'

The stock market continues to be volatile, but brokerage firms are bullish on the small-cap dredging company Knowledge Marine and Engineering Works. Domestic brokerage house Nuvama has given a new target price for this stock and recommended buying it, initiating coverage. On Wednesday, the third trading day of the week, Knowledge Marine Share performed exceptionally well even in a falling market, closing 3.83% higher.

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Unaffected by market decline

Even amidst the sluggishness in the stock market, Knowledge Marine and Engineering Works Limited's share was seen trading with strong momentum on Wednesday. The stock opened at Rs 1761, higher than its Tuesday closing price, and then surged by nearly 5 percent to reach a day's high of Rs 1847.60. Although the pace slowed down towards the market close, it still closed with a 3.83% gain at Rs 1799.

Money Doubled in 6 Months

The surge in KMEW shares has had a clear impact on the small-cap company's market capitalization, which has increased to Rs 4400 crore. From its 52-week low of Rs 632.50 in April 2025, the stock has surged by approximately 185 percent. In terms of returns, investors who invested in this stock six months ago have seen their money double, receiving a return of over 111 percent. In the last month alone, the share price has increased by nearly 40 percent.

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Brokerage Gives 'Buy Rating'

Due to the strong rally in the stock this year, the brokerage firm Nuvama is giving a positive response to Knowledge Marine & Engineering Ltd. The company has given the stock a 'Buy Rating' and has initiated coverage. Nuvama brokerage has projected a more than 40% increase in this stock and has given it a new target price of Rs 2,500.

Summary

This small-cap stock is included in the favorite list of veteran investor Ashish Kacholia. Looking at the shareholding pattern of Knowledge Marine & Engineering Works as of September 30, 2025, Ashish Kacholia held 6,00,000 equity shares, representing a 2.78 percent stake in the company. With Wednesday's gains, the value of his stake in the company was Rs 108.25 crore.