Nestle India trades higher on reporting 37% rise in Q2 net profit
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Nestle India is currently trading at Rs. 22448.75, up by 119.35 points or 0.53% from its previous closing of Rs. 22329.40 on the BSE.
The scrip opened at Rs. 22330.00 and has touched a high and low of Rs. 22622.60 and Rs. 22200.00 respectively. So far 2049 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 23390.00 on 17-Jul-2023 and a 52 week low of Rs. 17888.00 on 15-Mar-2023.
Last one week high and low of the scrip stood at Rs. 23100.75 and Rs. 22081.75 respectively. The current market cap of the company is Rs. 216220.44 crore.
The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 21.43% and 15.81% respectively.
Nestle India has reported 36.87% rise in its net profit at Rs 698.34 crore for the second quarter (Q2) ended June 30, 2023 as compared to net profit of Rs 510.24 crore for the same quarter in the previous year. Total income of the company increased by 15.19% at Rs 4682.48 crore for June quarter as compared to Rs 4065.06 crore for the corresponding quarter previous year.
Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.
