Nestle India Ltd soars 1.2%

Nestle India Ltd is quoting at Rs 14691, up 1.2% on the day as on 12:49 IST on the NSE. The stock is up 52.89% in last one year as compared to a 12.97% gain in NIFTY and a 8.95% gain in the Nifty FMCG index.

Oct 18, 2019 07:10 IST capital market

Nestle India Ltd is up for a third straight session in a row. The stock is quoting at Rs 14691, up 1.2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.46% on the day, quoting at 11639.65. The Sensex is at 39224.22, up 0.44%. Nestle India Ltd has added around 15.72% in last one month.

Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has added around 9.98% in last one month and is currently quoting at 31331.9, up 0.31% on the day. The volume in the stock stood at 56084 shares today, compared to the daily average of 1.37 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 14685.6, up 1.11% on the day. Nestle India Ltd is up 52.89% in last one year as compared to a 12.97% gain in NIFTY and a 8.95% gain in the Nifty FMCG index.

The PE of the stock is 82.85 based on TTM earnings ending June 19.

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