{"id":114884,"date":"2023-12-05T11:17:11","date_gmt":"2023-12-05T05:47:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114884"},"modified":"2023-12-05T11:18:15","modified_gmt":"2023-12-05T05:48:15","slug":"penny-stock-jumps-after-company-enters-in-mou-to-invest-up-to-20-cr-in-s-g-logistic-management","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-after-company-enters-in-mou-to-invest-up-to-20-cr-in-s-g-logistic-management\/","title":{"rendered":"Penny stock jumps after company enters into an MoU to invest up to \u20b9 20 Cr in S.G. Logistic Management"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-616613359\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The share of this logistics company gained up to 1.58 percent after the company entered into a Memorandum of understanding with S.G. Logistic Management Private Limited to invest up to Rs 20 Crores&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2733711805\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 299.13 Crores. <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NECCLTD\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">North Eastern Carrying Corporation Ltd<\/a><\/strong>, On Tuesday, The shares were trading at Rs 31.79 a share, an increase of 0.92 percent from the previous closing price.\u00a0<\/p><p>North Eastern Carrying Corporation Ltd. and S.G. Logistic Management Private Limited entered into a memorandum of understanding, according to the exchange filing, for North Eastern Carrying Corporation Ltd. to invest up to Rs. 20 Crores and purchase up to 20% of shares, with the aim of trucking using electric vehicles.&nbsp;<\/p><p>Recently, TATA STEELS LIMITED awarded North Eastern Carrying Corporation Ltd. a work order worth Rs. 156 cr. for the transportation of iron ore loading and supervision inside KIM loading from TSL Bunker and inside the mine. Transport and Rake Loading from KIM Mine Transportation and Rake Loading from KIM Mine. From January 6, 2022, to August 31, 2023, the company successfully finished and accomplished the work within the allotted time.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-848074211\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking into the company&#8217;s performance, North Eastern Carrying Corporation Ltd.\u2019s revenue decreased by 5.7 percent from Rs 78.38 Crore in Q2FY23 to Rs 73.84 Crore in Q2FY24. During the same period, net profit decreased by 26 percent from Rs 1.55 crore to Rs 1.15 Crore.&nbsp;<\/p><p>The industry&#8217;s growth will be accelerated by the government&#8217;s initiative to invest ~10 lakh crore in roads, railways, and infrastructure. Roughly 70% of India&#8217;s anticipated capital infrastructure expenditures between the fiscal years 2020 and 2025 are expected to go toward the following sectors: energy (24%), roads (19%), urban (16%), and railways (13%).&nbsp;<\/p><p>Over 7% growth in the Indian economy is anticipated in the current fiscal year, 2023\u20132024. Plans for the development of the transportation sector, rising retail sales, and government reforms all contribute to the growth. India&#8217;s manufacturing sector could account for as much as 25% to 30% of the country&#8217;s GDP by 2025, which would fuel the country&#8217;s transportation industry&#8217;s expansion.&nbsp;<\/p><p>North Eastern Carrying Corporation Ltd. offers retail and bulk clients freight transportation services along with additional services like packing and warehousing.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1569518798\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The share of this logistics company gained up to 1.58 percent after the company entered into a Memorandum of understanding with S.G. Logistic Management Private Limited to invest up to Rs 20 Crores&nbsp; With a market capitalization of Rs 299.13 Crores. North Eastern Carrying Corporation Ltd, On Tuesday, The shares were trading at Rs 31.79 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[14895,14896,14894,948,936],"class_list":["post-114884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-north-eastern-carrying-corporation-latest-news","tag-north-eastern-carrying-corporation-mou","tag-north-eastern-carrying-corporation-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penny stock jumps after company enters into an MoU to invest up to \u20b9 20 Cr in S.G. 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