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Nestle advances on reporting 9% rise in Q1 net profit

Nestle advances on reporting 9% rise in Q1 net profit

Nestle India is currently trading at Rs. 10435.60, up by 220.90 points or 2.16% from its previous closing of Rs. 10214.70 on the BSE.

The scrip opened at Rs. 10386.15 and has touched a high and low of Rs. 10501.95 and Rs. 10250.00 respectively. So far 2453 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 11777.00 on 07-Feb-2019 and a 52 week low of Rs. 9080.10 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 10501.95 and Rs. 10126.45 respectively. The current market cap of the company is Rs. 100947.25 crore.

The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 20.24% and 16.93% respectively.

Nestle India has reported 9.26% rise in its net profit at Rs 463.28 crore for the quarter ended March 31, 2019 under review as compared to Rs 424.03 crore for the same quarter in the previous year. Total income of the company increased by 9.33% at Rs 3,076.14 crore for March quarter as compared Rs 2,813.67 crore for the corresponding quarter of previous year.

Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.

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