01-01-1970 12:00 AM | Source: Accord Fintech
Nestle India trades jubilantly on reporting 66% rise in Q4 net profit
News By Tags | #6570 #1256 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Nestle India is currently trading at Rs. 19740.00, up by 494.20 points or 2.57% from its previous closing of Rs. 19245.80 on the BSE.

The scrip opened at Rs. 19450.00 and has touched a high and low of Rs. 19799.95 and Rs. 19148.85 respectively. So far 2045 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 21053.00 on 24-Oct-2022 and a 52 week low of Rs. 16000.00 on 19-May-2022.

Last one week high and low of the scrip stood at Rs. 19799.95 and Rs. 18884.60 respectively. The current market cap of the company is Rs. 190051.28 crore.

The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 21.17% and 16.07% respectively.

Nestle India has reported 65.51% rise in its net profit at Rs 628.06 crore for fourth quarter ended December 31, 2022 as compared to net profit of Rs 379.48 crore for the same quarter in the previous year. Total income of the company increased by 13.54% at Rs 4286.34 crore for December quarter as compared to Rs 3775.34 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.