Knowledge Marine & Engineering Works Limited
Knowledge Marine & Engineering Works Ltd provides dredging services, owning and operating marine craft, and repairing, maintaining and refitting marine crafts and marine infrastructure
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KMEW's Whole-time Director & CFO Kanak Kewalramani, and COO Dinesh Kewalramani (Promoter Group), collectively sold 5,12,820 equity shares via open market. The sales were valued at approximately Rs 67.83 Cr and Rs 32.80 Cr respectively, totaling over Rs 100 Cr.
KMEW's CEO Sujay Kewalramani purchased 108 shares worth Rs 1.94 Lakh, while COO Dinesh Kewalramani bought 100 shares for Rs 1.79 Lakh. This insider buying, totaling 208 shares for Rs 3.74 Lakh, signals management confidence.
KMEW's CEO and COO acquired a total of 1,545 equity shares via open market. This insider purchase represents a cumulative investment of approximately 0.27 Cr, signaling management's strong confidence in the company.
Knowledge Marine & Engineering Works' MD, CEO, and CTO collectively acquired 5,326 equity shares for ~Rs 0.95 Cr via open market. This signals strong promoter confidence in the company's future prospects.
KMEW clarified the recent surge in its share trading volume. The company stated this increase is market-driven and not due to any internal developments or information from the company.