Due to a news, there is a sudden buying and selling of shares of a company. The same has happened with the share of North Eastern Carrying Corporation (NCC). The reason for the sudden purchase of shares of this company is its quarterly results.
How much increased The share price of Logistics Management North Eastern Carrying Corporation was at Rs 20 level in Wednesday’s trade. At the same time, the share price reached Rs 23.90 on the BSE index on Thursday. There has been an increase of 19.80 percent as compared to a day earlier.
Let us tell you that due to Holi festival, there was no business in the stock market on Friday. Now it is important to see the reaction of investors regarding the stock on Monday. Let us tell you that on January 18, the share price was Rs 29.40, which is the highest level of 52 weeks.
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What’s the news? Actually, North Eastern Carrying Corporation (NCC) has released the quarterly results of the current financial year. The company’s revenue is more than Rs 550 crore. On the other hand, in terms of net profit, it was Rs 11.37 million in the December quarter, which was Rs 8.28 million in the same quarter a year ago. Net profit stood at Rs 29.99 million in the first nine months of the current financial year as against Rs 15.32 million in the same period a year ago. In this sense, there is a growth of 298.7 percent.