7 times spurt in volume: Logistics penny stock, North Eastern Carrying Corporation, jumped 17.5% in just 1 day
DSIJ Intelligence-1 / 23 Oct 2025/ Categories: Penny Stocks, Trending
The stock is up by 32.5 per cent from its 52-week low of Rs 18.31 per share and has given multibagger returns of 200 per cent in 5 years.
On Thursday, shares of North Eastern Carrying Corporation Ltd jumped 17.5 per cent to Rs 23.98 per share from its previous closing of Rs 20.41 per share. The stock’s 52-week high is Rs 39.48 per share while its 52-week low is Rs 18.10 per share. The shares of the company saw a Spurt in Volume by more than 7 times on the BSE.
Established in 1984, North Eastern Carrying Corporation Ltd (NECCL) is a leading Indian transportation company offering extensive freight-forwarding, Logistics and goods transport services. With over 250 branches and advanced ERP software, NECCL efficiently manages diverse transportation needs, from small parcels to large-scale projects, including specialised and bulk movements and warehousing solutions. They've built strong partnerships with major corporations like Bajaj Auto and ITC Ltd, consistently delivering reliable supply chain solutions. NECCL is expanding its capabilities by constructing a new 183,000 sq. ft. warehouse near Gurugram and investing in SG Green Logistics and electric vehicles, emphasising sustainability and innovation to secure market leadership and promote a greener logistics sector.
In Q1FY26, the company reported net sales of Rs 69.10 crore, a decline from Rs 77.63 crore in Q1FY25, while net profit fell to Rs 1.78 crore from Rs 3.67 crore in the same period last year. Despite the dip in quarterly performance, the company announced a major milestone - securing a five-year contract with Tata Steel Limited (TSL) for transporting steel products from TSL Khopoli to destinations such as Kalamboli, Panvel, and Taloja. Significantly, this contract will be executed using Electric Vehicles (EVs), reinforcing NECCL’s commitment to expanding its footprint in sustainable and eco-friendly logistics.
In its annual results, the company reported net sales of Rs 329 crore in FY25 compared to net sales of Rs 335 crore in FY24. The company reported a net profit of Rs 10 crore in FY25 compared to Rs 8 crore in FY24, an increase of 20 per cent. The company has a market cap of over Rs 200 crore and promoters hold a 54.19 per cent stake. The stock is up by 32.5 per cent from its 52-week low of Rs 18.31 per share and has given multibagger returns of 200 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.