Nestle India gains on the bourses
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Nestle India is currently trading at Rs. 2510.95, up by 16.60 points or 0.67% from its previous closing of Rs. 2494.35 on the BSE.
The scrip opened at Rs. 2494.25 and has touched a high and low of Rs. 2528.50 and Rs. 2476.05 respectively. So far 29298 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2770.75 on 02-Jan-2024 and a 52 week low of Rs. 2145.28 on 18-Aug-2023.
Last one week high and low of the scrip stood at Rs. 2528.50 and Rs. 2451.05 respectively. The current market cap of the company is Rs. 242191.46 crore.
The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 21.12% and 16.11% respectively.
Nestle India has reported 6.91% rise in its net profit at Rs 746.60 crore for the quarter ended June 30, 2024 as compared to Rs 698.34 crore for the same quarter in the previous year. Total income of the company increased by 3.64% at Rs 4853.07 crore for Q1FY25 as compared to Rs 4682.48 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.
