North Eastern Carrying Corporation Ltd ( NECCLTD )
| Current Price ₹ 37 | Market Cap ₹ 353 Cr. | Dividend Yield 0.00 % |
| High / Low ₹ 44.4 / 18.4 | Book Value ₹ 212 | ROE 5.37 % |
| Stock P/E 34.6 | ROCE 7.38 % | Face Value ₹ 10.0 |
NECC Stock is in uptrend and looking good to buy at CMP.
Buy NECC around Rs. 35 – 400 for the Targets of Rs .70 and 103.
Stoploss Rs. 20.
Expected profit= 300% | Loss 40%
Hodling period – Long Term..
CMP- 37 | Support- 35 | Resistance- 103 | Trend UP↑
Technical Analysis
| MOVING AVERAGES | Indication |
|---|---|
| Simple Moving Average (9) | Bullish |
| Simple Moving Average (18) | Bullish |
| Simple Moving Average (25) | Bullish |
| Simple Moving Average (43) | Bullish |
| Simple Moving Average (100) | Bullish |
| Simple Moving Average (200) | Bullish |
| OSCILLATORS | Indication |
|---|---|
| Commodity Channel Index (20) | Bullish |
| Williamson%R(14) | Bullish |
| MACD(12,26,9) | Bullish |
| Relative Strength Index (14) | Bullish |
| MFI(14) | Bullish |
| Stochastic(20,3) | Oversold |
| Strengths |
|---|
| Promoter Pledges are zero. |
| Annual Revenue rose 9.89%, in the last year to ₹336.73 Cr. Its sector’s average revenue growth for the last fiscal year was 10.59%. |
| Debt to Equity Ratio of 0.53 is less than 1 and healthy. This implies that its assets are financed mainly through equity. |
| Weaknesses |
|---|
| Promoter Share Holding decreased by 0.37% in the most recent quarter to 52.3%. |
| Daily Trend – Bullish ↑ |
| Weekly Trend – Bullish ↑ |
| Monthly Trend – Bullish ↑ |
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(*Note:- The recommendation are based on technical analysis. There is a risk of loss.)