Nestle India is currently trading at Rs. 6399.00, up by 44.90 points or 0.71% from its previous closing of Rs. 6354.10 on the BSE.
The scrip opened at Rs. 6361.00 and has touched a high and low of Rs. 6399.00 and Rs. 6322.75 respectively. So far 1532 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7390.00 on 29-Jul-2016 and a 52 week low of Rs. 4990.00 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 6420.00 and Rs. 5957.20 respectively. The current market cap of the company is Rs. 61201.80 crore.
The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 20.03% and 17.20% respectively.
FMCG firm Nestle India is planning to diversify into new segments like premium coffee business, pet care, skin health and cereals while it looks at 2017 as a ‘year of aggression’. The company is also planning consolidating its offerings and adding new categories so as continue with double digit growth. The company, as part of diversification, has launched 35 products in last six months and may remove some of those which are not performing well.
Nestle India is a subsidiary of Nestle S.A. of Switzerland. With eight factories and a large number of co-packers, Nestle India is a vibrant company that provides consumers in India with products of global standards and is committed to long-term sustainable growth.