Nuvama initiates coverage on Knowledge Marine & Engineering Works with 'Buy' rating; low exam relevance.
Summary
This article discusses Nuvama Institutional Equities initiating coverage on a specific stock, Knowledge Marine & Engineering Works, with a 'Buy' rating and a target price. It highlights the company's prospects based on maritime sector growth and government infrastructure spending. However, news focused on individual stock performance and brokerage ratings is generally not relevant for competitive exams, which prioritize broader economic trends, government policies, and significant national or international developments.
Key Points
- 1Nuvama Institutional Equities initiated coverage on Knowledge Marine & Engineering Works.
- 2The brokerage assigned a 'Buy' rating to the stock.
- 3A target price of Rs 2,500 was set by Nuvama.
- 4Reasons cited include strong maritime sector tailwinds and robust order book.
- 5The article is primarily about individual stock analysis, which is typically not relevant for competitive exams.
Full Article
Nuvama Institutional Equities has initiated coverage on Knowledge Marine & Engineering Works with a ‘Buy’ rating and a target price of Rs 2,500, citing strong maritime sector tailwinds, a robust order book, superior margins, and execution strength across geographies. The brokerage expects sharp growth in revenue and profitability through FY28, supported by government-led infrastructure spending and green tug opportunities.