Why is North Eastn.Car. falling/rising?

Sep 08 2025 10:04 PM IST
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As of 08-Sep, North Eastern Carrying Corporation Ltd's stock price is at 20.94, with a recent increase of 0.48%. Despite attractive valuation metrics, the stock has significantly underperformed over the past year and shows weak long-term fundamentals, indicating a strong sell recommendation.
As of 08-Sep, North Eastern Carrying Corporation Ltd's stock price is currently at 20.94, reflecting an increase of 0.1 or 0.48%. The stock has shown a consecutive gain over the last two days, rising by 0.58% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a weaker performance relative to its historical price trends. Despite a very attractive valuation with a ROCE of 6.3 and trading at a discount compared to peers, the stock has faced significant challenges, including a 36.45% decline in returns over the past year and a notable drop in profits by 18.1%. Additionally, a decrease in delivery volume by 18.22% against the 5-day average suggests falling investor participation.

In the broader market context, the stock's performance has been underwhelming compared to the Sensex, which has gained 0.53% over the past week, while North Eastern Carrying Corporation Ltd has declined by 0.24%. This underperformance is further highlighted by the stock's year-to-date decline of 41.03% against the Sensex's modest gain of 3.39%. The company's weak long-term fundamentals, including a high Debt to EBITDA ratio and poor growth in net sales, contribute to its negative outlook, making it a strong sell despite its recent minor gains.
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