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Nestle India Ltd stays supported

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Capital Market
Last Updated : Mar 30 2020 | 1:31 PM IST

Nestle India Ltd is quoting at Rs 15221, up 0.74% on the day as on 12:49 IST on the NSE. The stock is up 39.45% in last one year as compared to a 28.02% fall in NIFTY and a 14.2% fall in the Nifty FMCG.

Nestle India Ltd rose for a fifth straight session today. The stock is quoting at Rs 15221, up 0.74% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 3.01% on the day, quoting at 8399.8. The Sensex is at 28946.21, down 2.92%. Nestle India Ltd has dropped around 5.52% in last one month.

Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has dropped around 11.1% in last one month and is currently quoting at 25740.45, up 0.64% on the day. The volume in the stock stood at 1 lakh shares today, compared to the daily average of 1.73 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 15360.1, up 1.17% on the day. Nestle India Ltd is up 39.45% in last one year as compared to a 28.02% fall in NIFTY and a 14.2% fall in the Nifty FMCG index.

The PE of the stock is 73.87 based on TTM earnings ending December 19.

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First Published: Mar 30 2020 | 1:01 PM IST

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