Logistics penny stock under Rs 30 surges on receiving a work contract from Tata Steel Limited (TSL)
DSIJ Intelligence-1 / 05 Aug 2025/ Categories: Penny Stocks, Trending
The stock is up by 27 per cent from its 52-week low of Rs 18.31 per share and has given multibagger returns of 110 per cent in 5 years.
On Tuesday, shares of North Eastern Carrying Corporation Ltd surged 1.8 per cent to Rs 23 per share from its previous closing of Rs 22.60 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.
North Eastern Carrying Corporation Ltd (NECCL), a prominent Indian transportation company specialising in freight forwarding, logistics and goods transportation, has secured a significant five-year contract with Tata Steel Limited (TSL). This agreement, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, entails NECCL transporting steel products from TSL Khopoli to various destinations, including Kalamboli, Panvel and Taloja. Notably, this contract will be executed using Electric Vehicles (EVs), aligning with NECCL's stated commitment to expanding its opportunities in EV logistics.
About the Company
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.
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According to Quarterly Results, the company reported net sales of Rs 88.10 crore in Q4FY25 compared to net sales of Rs 91.84 crore in Q4FY24. The company reported a net profit of Rs 1.76 crore in Q4FY25 compared to Rs 2.86 crore in Q4FY24. 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 27 per cent from its 52-week low of Rs 18.31 per share and has given multibagger returns of 110 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.