Why is North Eastn.Car. falling/rising?
As of 16-Sep, North Eastern Carrying Corporation Ltd is priced at 20.98, showing a slight increase today but underperforming significantly over the past month and year. Despite a favorable ROCE of 6.3, the stock's long-term fundamentals are weak, leading to a consensus rating of strong sell.
As of 16-Sep, North Eastern Carrying Corporation Ltd is currently priced at 20.98, reflecting an increase of 0.38 or 1.84%. Today's price movement is in line with the sector, although the stock is trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has experienced a slight decline of 0.29%, and it has underperformed significantly over the past month and year, with returns of -2.74% and -37.47%, respectively. The company has a Return on Capital Employed (ROCE) of 6.3, indicating a very attractive valuation, yet it has seen profits fall by 18.1% over the past year, contributing to its overall negative performance.Broader market context shows that while the Sensex has gained 1.58% over the past week, North Eastern Carrying Corporation Ltd has lagged behind, reflecting a broader trend of underperformance against the benchmark. The logistics sector has gained by 2.06%, which may have contributed to the stock's slight rise today. However, the stock's long-term fundamentals are weak, with a high Debt to EBITDA ratio and poor growth metrics, leading to a consensus that it is a strong sell. The falling investor participation, indicated by a 7.13% drop in delivery volume, further suggests a lack of confidence among investors, which could hinder any sustained upward movement in the stock price.
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