NECC Shares Surged 4.5% After Budget Announcement; Details Inside

Stocks of Logistics Company, North Eastern Carrying Corporation (NECC) have surged around 4.5 per cent after the announcement of the Union budget. The shares of the company, with a market cap of Rs 312 crore, were trading at the level of Rs 32.75 in the morning session. In the last 5 sessions, the shares of NECC have given a return of 11 per cent and a return of 19 per cent in the last month.

The 52-week-high level of NECC shares is Rs 37.40 while the 52-week low is Rs 13.

On August 2, 2023, the shares of North Eastern Carrying Corporation were at a low of Rs 19, from where investors have got a return of 74 per cent.

In December 2023, NECC received a letter of acceptance (LoA) from GAIL (India) Ltd, a top central public sector undertaking under the Ministry of Petroleum and Natural Gas, for transportation of polymer, said the company's exchange with the bourses.

NECC offers a wide range of transport services in India, Nepal and Bhutan. Its services include booking small parcels, full truck load consignments, project consignments to over dimensional consignments (ODC). NECC also provides containerized movement of cargo, warehousing, packing and moving and storage facilities.

North Eastern Carrying Corporation Limited (NECC), with its headquarters in Delhi, is one of India's top transportation firms. After more than 40 years of operation, it has expanded to 200+ branch locations, providing supply chain and transportation services across Bangladesh, Nepal, Bhutan, and India.