Knowledge Marine

Kanak Kewalramani, whole-time director, chief financial officer and promoter of Knowledge Marine & Engineering Works, sold 345,620 equity shares on the BSE on June 19, raising ₹67.83 crores. On the same day, Dinesh Kewalramani, the company's chief operating officer and a member of the promoter group, sold 167,200 shares worth ₹32.80 crores. Both transactions were executed at roughly ₹196 per share, collectively reducing the promoters' combined stake by about 2.1 percentage points to 30.47%. The sales were disclosed to the exchanges on June 21 under insider-trading regulations. The move follows a series of upbeat company announcements including a ₹66 crore order for hybrid ferries and a 60% jump in annual net profit.

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Knowledge Marine & Engineering Works, through a consortium led by its shipbuilding subsidiary, won a ₹66.11 crore order from India's Inland Waterways Authority to design, build, and commission 10 hybrid electric passenger ferries. The contract covers construction over 10 months followed by a 60-month maintenance period. The award marks the first external government shipbuilding order secured by Knowledge Shipyard Private Limited since the group established its dedicated shipbuilding platform. Management noted the project will utilise less than 5% of the shipyard's current capacity, positioning the company in India's growing market for sustainable inland water transport under the government's Harit Nauka guidelines.

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By Summer Zhen

HONG KONG, June 15 (Reuters) - Some Asia hedge funds delivered returns exceeding 100% in the first five months of the year, riding on record highs in stock markets and wagers on AI hardware and large language model leaders, according to sources familiar with the performance.

Market participants say regional funds were quicker to spot supply-side constraints as Asia covers nearly the entire semiconductor stack, allowing them to position early and capture opportunities across AI subsectors.

The performance highlights how market volatility induced by the Iran war has not derailed the AI-driven rally this year, as growing demand and tight supply lifted stocks and pushed Japan, South Korea and Taiwan to record highs.

Hong Kong's WT Asset Management saw its long-short China Focus fund book a net return of 103% in the year to date end-May, after rising more than 20% in May alone. Its long-only fund was up 67.5%, a source familiar with the matter told Reuters.

Bets on AI hardware as well as China's domestic techs, such as chipmaker Hua Hong Semiconductor 688347.SS and AI agent Knowledge Atlas, contributed to the performance, the source said.

Public filings show WT was a cornerstone investor in Knowledge Atlas 2513.HK, known as Zhipu AI, whose shares have surged more than 1,000% year-to-date following its Hong Kong listing in January.

Assets under management at WT, run by veteran investor Wong Tongshu, have since grown rapidly to around $10 billion, another source said.

Other tech-focused funds have also ridden the wave.

E20 Capital, a Hong Kong-based hedge fund launched in 2025, posted a net gain of 136% in the first five months, with its position in memory, optics and CPUs boosting returns at flagship $2 billion Global Opportunity Investment Fund, a source said.

Meanwhile, long-time tech investor Trivest Advisors gained 88.9% in the first five months of the year, according to another source.

WT Asset Management declined to comment, while E20 Capital and Trivest Advisors did not respond to Reuters requests for comment.

China's Shanghai Composite .SSEC has climbed to its highest level in more than a decade.

South Korea's KOSPI .KS11 has surged almost 100% so far this year, while Japan’s Nikkei 225 .N225 and Taiwan’s weighted index .TWII have risen roughly 31% and 53%, respectively.

Navin Raj Jaidev, a senior investment director at Cambridge Associates, said Asia offers increasing opportunities to deliver outsized returns, as many AI supply-chain firms in the region "remain under-covered and under-recognised by global investors."

He added that themes such as corporate governance reforms and block trades are gaining traction.

(Reporting by Summer Zhen; Editing by Kim Coghill)

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Dec 19 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.NS:

• KNOWLEDGE MARINE & ENGINEERING WORKS LTD - GOT WORK ORDER VALUED AT 583.9 MILLION RUPEES

Source text: ID:nBSE5FZK8M

Further company coverage: KNOW.NS

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** Knowledge Marine & Engineering Works KNOW.NS rises ~8% to 2,447 rupees

** Stock eyes steepest intraday pct climb since September 12

** Co gets order worth 3.86 bln rupees ($43.9 mln) to build, maintain and operate green tugboats for V.O. Chidambaranar Port Authority

** YTD, KNOW up 8%

($1 = 87.8950 Indian rupees)

(Reporting by Komal Salecha)

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** Shares of Knowledge Marine & Engineering Works KNOW.NS rise as much as 4.3% to 1,807.5 rupees

** Stock last up 2%, set to snap two-day losing run

** Ship builder wins 475.9 million-rupee ($5.40 million) order for dredging work at Deendayal Port

** Stock down ~22% YTD

($1 = 88.1388 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Knowledge Marine & Engineering Works KNOW.NS up 3.6% to 1942.1 rupees

** Marine crafts operator gets work order worth 72.5 mln rupees ($829,211.11) from Dredging Corporation of India DRDG.NS

** Stock set for highest ever weekly gain; on track to rise for four straight months

** YTD, KNOW down ~14%

($1 = 87.4325 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Knowledge Marine & Engineering Works KNOW.NS rise 3.4% to 2,237.2 rupees

** Marine crafts operator approves proposal for a 1:2 stock split and a fundraise of up to 5 bln rupees ($58.7 mln)

** Stock sees busiest day in over 2 weeks, with over 22,000 shares traded

** Stock up 16% since trading debut on Nov. 14

($1 = 85.1850 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Nov 8 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• GOT ORDER WORTH 395.3 MILLION RUPEES

Source text: ID:nBSE8FXTKH

Further company coverage: KNOW.BO

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Oct 28 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• GETS ORDER VALUED AT 1.47 BILLION RUPEES

Source text: ID:nBSE2r6pzx

Further company coverage: KNOW.BO

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Oct 3 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• GOT ORDER WORTH 177.8 MILLION RUPEES

Source text for Eikon: ID:nBSE9mgHd6

Further company coverage: KNOW.BO

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Sept 20 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• GETS WORK ORDER OF 192.7 MILLION RUPEES

Source text for Eikon: ID:nBSExvCdr

Further company coverage: KNOW.BO

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** Shares of Knowledge Marine & Engineering Works KNOW.BO rise 5.1% to 1,230 rupees

** Marine crafts operator gets order worth 97 million rupees (~$1.2 million) from New Mangalore Port Authority

** KNOW on track for second straight session of gains

** Stock down ~17% YTD after gaining 47% in 2023 for second straight year of gains

($1 = 83.8820 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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June 10 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• KNOWLEDGE MARINE & ENGINEERING WORKS LTD - GETS ORDER WORTH 58.6 MILLION RUPEES

Source text for Eikon: ID:nBSE8XQXy1

Further company coverage: KNOW.BO

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May 24 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• RECEIVED LETTER OF AWARD FROM MYANMAR PORT AUTHORITY

• CONTRACT IS VALUED AT USD 4.85 MILLION

Source text for Eikon: ID:nBSE4Xcwm1

Further company coverage: KNOW.BO

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May 10 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• GETS ORDER WORTH 731.4 MILLION RUPEES

Further company coverage: KNOW.BO

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March 11 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• GETS ORDER WORTH 980.6 MILLION RUPEES

Source text for Eikon: ID:nBSE1bf1lK

Further company coverage: KNOW.BO

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Jan 11 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• UNIT ACQUIRED TRAILING SUCTION HOPPER DREDGER RIVER PEARL 18 OF 1890 CUBIC METERS HOPPER CAPACITY BEARING

• VESSEL MOBILIZED FROM BULGARIA TO BAHRAIN, SHALL BE DEPLOYED IN BAHRAIN FOR ITS SAND MINING CONTRACTS

Source text for Eikon: ID:nBSEy9vQx

Further company coverage: KNOW.BO

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** Shares of Knowledge Marine & Engineering Works KNOW.BO up 4% to 1,459 rupees, its biggest gain since Nov. 20

** Marine crafts operator becomes first Indian co to receive sand mining licence from Bahrain; operations scheduled to commence in January 2024

** Stock trading above 50-, 100-, and 200- day moving averages

** Session's gains pushes YTD gains to 44%

(Reporting by Aleef Jahan in Bengaluru)

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Nov 15 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• GOT LETTER OF INTENT FOR AMOUNT OF 3.01 MILLION BAHRAINI DINAR

• WORK SHALL COMMENCE FROM Q3 FY24

Source text for Eikon: ID:nBSE4gjsz9

Further company coverage: KNOW.BO

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Nov 13 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• GETS ORDER WORTH 344.9 MILLION RUPEES

Source text for Eikon: ID:nBSE53Xmpt

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Oct 12 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• BAGS A PROJECT WORTH 50.2 MILLION RUPEES

Source text for Eikon: ID:nBSE8PgHj9

Further company coverage: KNOW.BO

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Aug 25 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• GOT LETTER OF INTENT WORTH 1.87 MILLION BAHRAINI DINAR

Source text for Eikon: ID:nBSE41s09W

Further company coverage: KNOW.BO

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Aug 21 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• UNIT GOT 4 ORDERS

• GETS ORDERS WORTH A CUMULATIVE AMOUNT OF 15.45 MILLION BAHRAIN DINAR

Source text for Eikon: ID:nBSE26kTXq

Further company coverage: KNOW.BO

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Aug 18 (Reuters) - Knowledge Marine & Engineering Works Ltd KNOW.BO:

• RECEIVED A LETTER OF AWARD FOR AN AMOUNT OF ABOUT $2.2 MILLION

• RECEIVES LOA FOR WORK OF YANGON RIVER DREDGING WORK FROM MYANMAR PORT AUTHORITY

Source text for Eikon: ID:nBSE1W0z3M

Further company coverage: KNOW.BO

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