Nestle India (Nestle) rose 3.05 per cent to close the day at Rs 1,689.5, after parent body Nestle SA announced that India would be a leading market in its growth plan with an intention to reinvest and expand in the country.
The company also unveiled capital expenditure plans of Rs 600 crore in 2009, double of what it is investing this year. These investments would be in new R&D, advertising and capacity enhancement initiatives. Nestle made an intraday high of Rs 1,705 and a low Rs 1,602 with trading volumes of 35,448 shares.
