THIS company’s shares gain after this important update with exchanges – Details here
Shares of North Eastern Carrying Corporation are in action today on October 23, 2025. The counter started the trading session in the red at Rs 20, with a fall of 2.01 per cent, against the previous close of Rs 20.41. However, it rebounded amid a spurt in volume by more than 6.99 times and touched the high of Rs 23.98, representing a gain of 17.49 per cent. The action in the stock comes amid a rally in the stock market and the company submitting the certified minutes of its 40th Annual General Meeting.
Earlier, the logistics company secured an order worth Rs 52.48 crore from state-owned GAIL (India) Limited for the transportation of polymer.
The contract has to be executed over a period of three years, NECC said in a regulatory filing. The company has bagged the order through a bidding process to transport polymer.
“We have got the Letter of Acceptance from the top central public sector undertaking GAIL (India) Limited for transport of polymer under a contract value of Rs 52.48 crores for a period of 3 years,” the filing said.
New Delhi-based NECC is among the leading freight forwarding companies in India, providing services in neighboring Bhutan and Nepal as well.
Under the Ministry of Petroleum and Natural Gas, GAIL (India) Limited is India’s leading natural gas company.
Meanwhile, Equity benchmark indices Sensex and Nifty surged in early trade on Thursday amid growing optimism on the US-India trade deal front.
Fresh foreign fund inflows and buying in IT stocks also drove the markets higher during the initial trade.
The 30-share BSE Sensex jumped 734.36 points to 85,160.70 in early trade. The 50-share NSE Nifty surged 198.3 points to 26,066.90.
From the Sensex firms, Infosys, HCL Tech, Tech Mahindra, Axis Bank, Hindustan Unilever and Kotak Mahindra Bank were among the gainers.
However, Eternal and Bajaj Finserv were the laggards.
In Asian markets, South Korea’s Kospi traded higher while Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng quoted lower.
US markets ended in negative territory on Wednesday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 96.72 crore on Tuesday, according to exchange data.
With PTI inputs
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