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Nestle India Ltd stays supported

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Nestle India Ltd is quoting at Rs 17546.4, up 0.03% on the day as on 12:49 IST on the NSE. The stock is up 50.14% in last one year as compared to a 18.21% slide in NIFTY and a 1.65% slide in the Nifty FMCG.

Nestle India Ltd gained for a fifth straight session today. The stock is quoting at Rs 17546.4, up 0.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 3.2% on the day, quoting at 9886.95. The Sensex is at 33565.8, up 3.52%. Nestle India Ltd has gained around 0.52% in last one month.

 

Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has gained around 7.9% in last one month and is currently quoting at 29296.95, up 1.65% on the day. The volume in the stock stood at 82029 shares today, compared to the daily average of 2.07 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 17492.55, up 0.98% on the day. Nestle India Ltd is up 50.14% in last one year as compared to a 18.21% slide in NIFTY and a 1.65% slide in the Nifty FMCG index.

The PE of the stock is 83.23 based on TTM earnings ending March 20.

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First Published: Jun 01 2020 | 1:00 PM IST

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