In the midst of a meltdown

INVESTING INSIGHT

The stocks of companies engaged in chocolates and confectionaries, barring a few, dipped in the last three months on the Bombay Stock Exchange (BSE).

The share price of Nestle India fell from Rs 605.79 on March 1, to today's close of Rs 549.90, down 9.22 per cent on the Bombay Stock exchange (BSE).

During the same period the stock price of Parry's Confectionery Mills increased from Rs 256.35 to Rs 126.65 down 50.59 per cent and JK Dairy & Foods gained minorly from Rs 2.31 to Rs 2.89, down 25.10 per cent.

The stocks of Heritage Foods fell from from Rs 84.00 to Rs 68.50, down 18.45 per cent and Britannia Industries moved from Rs 650.85 to Rs 570.35, down 12.36 per cent.

DFM Foods rose minorly from Rs 6.01 to Rs 6.75, up 12.31 per cent, and Lotus Chocolate Co fell from Rs 3.36 to Rs 2.61, a slide of 22.32 per cent.

The share price of Modern Dairies rose from Rs 5.49 to 7.21, up 33.27 per cent, and Ritesh Ind rose from Rs 21 to Rs 41.50, a rise of 97.62 per cent. Dharani Sugars witnessed a rise from Rs 5.22 to Rs 9.89, up 89.46 per cent.

Ponni Sugars (E) rose from Rs 10.30 to Rs 19.34 up by 87.77 per cent. The stocks of Bajaj Hind rose from from Rs 1.25 to Rs 1.75, up 40 per cent and Vadilal Enterprises moved from Rs 42.05 to Rs 23.00, down 45.30 per cent. GlaxoSmithKline Consumer rose from Rs 265.89 to Rs 230.20, down 13.42 per cent.