Trending stocks: Nestle India shares rise nearly 3%

NEW DELHI: Shares of Nestle India traded 2.81 per cent up in Wednesday 's trade at 11:16AM (IST).

Around 80198 shares changed hands on the counter. The stock opened at Rs 17008.35 and touched an intraday high and low of Rs 17588.85 and Rs 16817.2 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 17960.1 and a 52-week low of Rs 9047.05 .


FMCG major Nestle India said all of its manufacturing plants have become operational but at a scaled down level due to restrictions imposed by local authorities and state governments.

Financials
Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 163874.42 Crore) operating in FMCG sector.

For the quarter ended 31-12-2019, the company reported a Standalone sales of Rs 3130.74 Crore, down -2.14 % from last quarter Sales of Rs 3199.31 Crore and up 8.75 % from last year same quarter Sales of Rs 2878.83 Crore. The Company reported net profit after tax of Rs 473.02 Crore in latest quarter.

Nestle India Ltd. key Products/Revenue Segments include Milk Products which contributed Rs 5187.63 Crore to Sales Value (45.93 % of Total Sales), Prepared Dishes & Cooking aids which contributed Rs 3105.25 Crore to Sales Value (27.49 % of Total Sales), Beverages (Powdered) which contributed Rs 1522.61 Crore to Sales Value (13.48 % of Total Sales), Confectionery which contributed Rs 1400.74 Crore to Sales Value (12.40 % of Total Sales), Export Incentives which contributed Rs 55.82 Crore to Sales Value (0.49 % of Total Sales), Other Operating Revenue which contributed Rs 20.22 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Dec-2018.

Promoter holding
Promoters held 62.76475 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 84.4 and price to book value of 86.03 .