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Nestle India Ltd stays in demand

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Nestle India Ltd is quoting at Rs 15708.9, up 1.03% on the day as on 12:49 IST on the NSE. The stock is up 38.21% in last one year as compared to a 13.42% jump in NIFTY and a 4.95% jump in the Nifty FMCG index.

Nestle India Ltd is up for a third straight session today. The stock is quoting at Rs 15708.9, up 1.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.39% on the day, quoting at 12227.7. The Sensex is at 41513.45, up 0.31%. Nestle India Ltd has gained around 7.6% in last one month.

 

Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has gained around 4.51% in last one month and is currently quoting at 31226.9, up 0.62% on the day. The volume in the stock stood at 21106 shares today, compared to the daily average of 59837 shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 15771.95, up 1.31% on the day. Nestle India Ltd is up 38.21% in last one year as compared to a 13.42% jump in NIFTY and a 4.95% jump in the Nifty FMCG index.

The PE of the stock is 81.58 based on TTM earnings ending September 19.

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First Published: Jan 24 2020 | 1:05 PM IST

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