Top Stock: The stock market remains uncertain, but some select small-cap stocks are performing exceptionally well even in this environment. Knowledge Marine & Engineering Works Limited’s stock has joined this category, and brokerage houses are now bullish on it.
Showing Strength Even in a Weak Market
On Wednesday, when the broader market was under pressure, Knowledge Marine & Engineering Works’ stock traded strongly. The stock opened above its previous closing level and rose by almost five percent during the day, reaching a high of Rs 1847.60. Some profit-booking was seen towards the end of trading, but despite this, the stock closed with a gain of 3.83 percent at Rs 1799.
Investors’ Capital Doubled in Six Months
The recent surge in the stock price has also impacted the company’s market capitalization, which has increased to approximately Rs 4400 crore. Since its 52-week low of Rs 632.50 in April 2025, the stock has risen by almost 185 percent. In terms of returns, investors have received a return of more than 111 percent in the last six months, while the stock price has increased by almost 40 percent in the last month alone.
Nuvama’s Buy Recommendation and New Target
Given the strong performance of the stock, Nuvama brokerage has initiated coverage on Knowledge Marine & Engineering Works. The brokerage has given a buy recommendation for the stock with a target price of Rs 2500. Nuvama believes that the company’s business model and growth prospects will lead to further significant gains in the stock price.
Increased Confidence Due to Ashish Kacholia’s Stake
This small-cap stock is among the favorite companies of veteran investor Ashish Kacholia. According to available data, as of the end of September 2025, they held 600,000 equity shares of the company, representing approximately 2.78 percent ownership. Following the recent surge in the share price, the value of their stake has exceeded ₹108 crore, further boosting investor confidence.