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Nestle India Ltd drops for fifth straight session

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Capital Market
Last Updated : Oct 01 2021 | 1:50 PM IST

Nestle India Ltd is quoting at Rs 19377.7, down 0.35% on the day as on 13:24 IST on the NSE. The stock jumped 20.86% in last one year as compared to a 52.15% rally in NIFTY and a 33.28% spurt in the Nifty FMCG index.

Nestle India Ltd fell for a fifth straight session today. The stock is quoting at Rs 19377.7, down 0.35% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.66% on the day, quoting at 17502.3. The Sensex is at 58715.05, down 0.7%.Nestle India Ltd has eased around 4.26% in last one month.Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has eased around 0.4% in last one month and is currently quoting at 40426.55, down 0.72% on the day. The volume in the stock stood at 18517 shares today, compared to the daily average of 67730 shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 19310, down 0.69% on the day. Nestle India Ltd jumped 20.86% in last one year as compared to a 52.15% rally in NIFTY and a 33.28% spurt in the Nifty FMCG index.

The PE of the stock is 84.81 based on TTM earnings ending June 21.

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First Published: Oct 01 2021 | 1:35 PM IST

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