Why is North Eastn.Car. falling/rising?

Sep 23 2025 10:37 PM IST
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As of 23-Sep, North Eastern Carrying Corporation Ltd's stock price is declining at 20.77, down 1.24%, and has significantly underperformed its sector and the broader market. The company faces weak fundamentals, a substantial year-to-date decline of 41.51%, and decreasing investor confidence, reflected in a drop in delivery volume.
As of 23-Sep, North Eastern Carrying Corporation Ltd is experiencing a decline in its stock price, currently at 20.77, which reflects a decrease of 0.26 or 1.24%. The stock has underperformed its sector by 1.41% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 1.00%, and it has seen a significant decline of 41.51% year-to-date. Additionally, the company's profits have decreased by 18.1% over the past year, contributing to a negative return of -34.06% in the last year. The stock's valuation appears attractive with a ROCE of 6.3 and a low enterprise value to capital employed ratio, but the overall weak long-term fundamentals and declining investor participation, evidenced by a 7.43% drop in delivery volume, are negatively impacting its price movement.

In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, indicating that the market is not performing strongly overall. However, North Eastern Carrying Corporation Ltd's performance is notably worse than the benchmark, particularly with its year-to-date return significantly lagging behind the Sensex's gain of 5.07%. This underperformance in both short-term and long-term metrics, coupled with weak sales growth and a high debt-to-EBITDA ratio, suggests that investor confidence is waning, leading to the stock's current downward trend.
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