Nestle India gains on expanding presence to Eastern India with Khordha factory
Nestle India is currently trading at Rs. 2261.40, up by 14.25 points or 0.63% from its previous closing of Rs. 2247.15 on the BSE.
The scrip opened at Rs. 2233.10 and has touched a high and low of Rs. 2282.40 and Rs. 2217.40 respectively. So far 32151 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2777.00 on 27-Sep-2024 and a 52 week low of Rs. 2115.00 on 05-Mar-2025.
Last one week high and low of the scrip stood at Rs. 2286.35 and Rs. 2150.00 respectively. The current market cap of the company is Rs. 217841.67 crore.
The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 21.01% and 16.22% respectively.
Nestle India has expanded its presence in eastern part of the country by laying foundation stone for its upcoming factory in Khordha, Odisha. This is slated to be Nestle India’s tenth factory. The factory is being set up with an initial investment of approximately Rs 900 crore, in its first phase and is slated to manufacture products from its foods (prepared dishes and cooking aids) portfolio.
Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.
