Why is North Eastn.Car. falling/rising?

Sep 05 2025 10:01 PM IST
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As of 05-Sep, North Eastern Carrying Corporation Ltd's stock price is at 20.84, showing a slight increase but trading below all key moving averages, indicating weak performance. Despite a recent short-term gain, the stock has significantly underperformed over the past month and year, with ongoing concerns about its long-term fundamentals.
As of 05-Sep, North Eastern Carrying Corporation Ltd's stock price is currently at 20.84, reflecting a slight increase of 0.02 (0.1%). The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weak performance. Over the past week, the stock has increased by 0.43%, but it has significantly underperformed over the past month and year, with returns of -8.60% and -36.83%, respectively. Despite a very attractive valuation with a ROCE of 6.3 and trading at a discount compared to peers, the stock's profits have fallen by 18.1%, contributing to its negative performance.

In the broader market context, the Sensex has increased by 1.13% over the past week, contrasting with North Eastern Carrying Corporation's modest gain. This underperformance is further highlighted by the stock's significant decline of -41.31% year-to-date, compared to the Sensex's positive return of 3.29%. The company's weak long-term fundamentals, including a high Debt to EBITDA ratio and poor growth in net sales, have raised concerns among investors, despite rising delivery volumes indicating some increased participation. Overall, the stock's recent movement reflects a mix of slight recovery in the short term but persistent challenges in the long term.
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