Nestle India gains on reporting 8% rise in Q3 net profit
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Nestle India is currently trading at Rs. 19602.90, up by 217.90 points or 1.12% from its previous closing of Rs. 19385.00 on the BSE.
The scrip opened at Rs. 19385.00 and has touched a high and low of Rs. 19730.45 and Rs. 19247.85 respectively. So far 1317 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 20200.00 on 20-Oct-2021 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. 19769.85 and Rs. 18625.10 respectively. The current market cap of the company is Rs. 189964.03 crore.
The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 20.79% and 16.45% respectively.
Nestle India has reported results for third quarter ended September 30, 2022.
The company has reported 8.26% rise in its net profit at Rs 668.34 crore for the quarter under review as compared to net profit of Rs 617.37 crore for the same quarter in the previous year. Total income of the company increased by 18.01% at Rs 4621.64 crore for September quarter as compared to Rs 3916.23 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.
