Archive · 21 Sep 2026
Knowledge Marine Shares Swing After ₹279 Crore Green Tug Order
Knowledge Marine got a large order to build and operate an electric tugboat.
The customer is Mumbai Port Authority.
The contract is worth about ₹279.33 crore and lasts for 15 years.
The company said this is its third green tug contract from a major port.
Investors first pushed the share price higher after the news.
Later, some investors sold shares to book profits, causing the price to fall.
One analyst said the stock could reach ₹3,175 if it stays above ₹2,570.
Another analyst suggested buying gradually if the price falls into the ₹2,300–₹2,500 range.
Knowledge Marine and Engineering Works received a ₹279.33 crore contract from Mumbai Port Authority.
The order covers construction and hiring of a battery-operated green tug for 15 years.
Shares opened at ₹2,990, rose to ₹3,034.85, then fell to ₹2,840.80 during Monday trading.
The stock was down 0.67% at ₹2,867.85 around 11 a.m. after profit booking.
Analysts remained bullish, citing the uptrend but recommending specific buying and stop-loss levels.
- Who
- Knowledge Marine and Engineering Works, Mumbai Port Authority, and market analysts Aditya Thukral and Vipin Kumar.
- What
- Knowledge Marine received a ₹279.33 crore contract to construct and hire a battery-operated green tug.
- When
- The contract was disclosed on 19 September; the share-price movement occurred on Monday, 21 September.
- Where
- The contract is for Mumbai Port Authority, in India.
- Why
- The company said the order strengthens its presence in the emerging green tug segment and expands its long-term marine-asset portfolio.
Bullish outlook
Cautious trading view
Future share-price direction
Bullish outlook
Aditya Thukral said the stock remains in an uptrend and could test ₹3,175; Vipin Kumar also described a pattern of higher highs and higher lows.
Cautious trading view
The stock fell after reaching its intraday high, showing that investors booked profits despite the work-order announcement.
Buying strategy
Bullish outlook
Thukral described dips as buying opportunities while the stock closes above ₹2,570, and Kumar recommended adding long positions gradually on declines toward ₹2,300–₹2,500.
Cautious trading view
The stock has already gained more than 85% in six months and nearly 130% in one year, so recent volatility and profit booking could require caution.
- Contract value
- Approximately ₹279.33 crore, including taxes
- Contract duration
- 15 years
- Customer
- Mumbai Port Authority
- Asset
- Battery-operated green tug
- Opening share price
- ₹2,990
- Intraday high and low
- ₹3,034.85 and ₹2,840.80
- Analyst levels
- ₹2,570 closing stop loss cited by Aditya Thukral; ₹2,300–₹2,500 staggered buying range suggested by Vipin Kumar