Why is North Eastn.Car. falling/rising?

Sep 17 2025 10:13 PM IST
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As of 17-Sep, North Eastern Carrying Corporation Ltd's stock price is at 20.73, down 1.19%, and has significantly underperformed its sector and the broader market. Despite an attractive valuation, the stock's poor performance is driven by declining profits and high debt levels, resulting in a year-to-date drop of 41.62%.
As of 17-Sep, North Eastern Carrying Corporation Ltd's stock price is currently at 20.73, reflecting a decrease of 0.25, or 1.19%. The stock has underperformed its sector by 1.28% today and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by 0.38%, and it has experienced a significant drop of 41.62% year-to-date. Despite a very attractive valuation with a ROCE of 6.3 and trading at a discount compared to peers, the stock's performance has been hindered by a 39.45% decline in profits over the past nine months and a high Debt to EBITDA ratio of 5.77 times, which raises concerns about its ability to service debt.

In the broader market context, the Sensex has risen by 1.56% over the past week, contrasting sharply with North Eastern Carrying Corporation's negative performance. The stock's weak long-term fundamentals, including a low growth rate in net sales and operating profit, have contributed to its underperformance relative to the benchmark indices over various periods. The stock has generated a return of -37.45% in the last year, while the Sensex has only slightly declined by 0.46%. This stark difference highlights the challenges faced by North Eastern Carrying Corporation in attracting investor confidence amidst a generally positive market environment.
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