|The announcement was made during trading hours today, 24 January 2017.
Meanwhile, the BSE Sensex was up 242.23 points, or 0.89%, to 27,359.57.
On the BSE, so far 3.34 lakh shares were traded in the counter, compared with average daily volumes of 1.17 lakh shares in the past one quarter. The stock had hit a high of Rs 74.40 so far during the day, which is also 52-week high for the counter. The stock had hit a low of Rs 71.50 so far during the day.
The stock hit a 52-week low of Rs 31.35 on 24 June 2016. The stock had outperformed the market over the past 30 days till 23 January 2017, rising 87.07% compared with the 4.13% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 69.21% as against Sensex's 3.47% decline.
The small-cap company has equity capital of Rs 50.20 crore. Face value per share is Rs 10.
North Eastern Carrying Corporation has been awarded contract worth Rs 400 crore from Tata Steel for transportation of their raw materials and mining products from their Joda and Sukinda mines situated in Odisha.
On a consolidated basis, net profit of North Eastern Carrying Corporation rose 3.03% to Rs 1.70 crore on 3.07% decline in net sales to Rs 124.24 crore in Q2 September 2016 over Q2 September 2015.
North Eastern Carrying Corporation is specialized in offering domestic goods transportation, international goods transportation, commercial goods transportation services, industrial goods transportation along with warehousing services.