Trending stocks: Nestle India shares gain nearly 2%
A total of 2,066 shares changed hands on the counter till 11:11AM (IST).
By ETMarkets.com | Updated:
BCCL
NEW DELHI: Shares of Nestle India traded 1.75 per cent up in Wednesday's trade at 11:11AM (IST). Around 2,066 shares changed hands on the counter.
The stock opened at Rs 16153.65 and touched an intraday high and low of Rs 16592.0 and Rs 16153.65, respectively, in the session so far. The stock of Nestle India Ltd. quoted a 52-week high of Rs 18301.0 and a 52-week low of Rs 10532.05.
Total market cap of the Nestle India Ltd. stood at Rs 158922.51 crore at the time of writing this report.
Nestle India urged the government to allow food processing industries to deploy 75 per cent workforce to ensure adequate production capacity utilisation in factories, saying without which there could be disruptions in goods supply.
Key Financials
The company reported consolidated net sales of Rs 3305.78 crore for the quarter ended 31-Mar-2020, up 5.59 per cent from previous quarter's Rs 3130.74 crore and up 10.84 per cent from the year-ago quarter's Rs 2982.39 crore.
Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 4.19 per cent stake in the firm, while foreign institutional investors held 11.81 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 78.22 and a price-to-book ratio of 82.25. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Nestle India Ltd. belongs to the FMCG Food & Beverages industry.
The stock opened at Rs 16153.65 and touched an intraday high and low of Rs 16592.0 and Rs 16153.65, respectively, in the session so far. The stock of Nestle India Ltd. quoted a 52-week high of Rs 18301.0 and a 52-week low of Rs 10532.05.
Total market cap of the Nestle India Ltd. stood at Rs 158922.51 crore at the time of writing this report.
Nestle India urged the government to allow food processing industries to deploy 75 per cent workforce to ensure adequate production capacity utilisation in factories, saying without which there could be disruptions in goods supply.
Key Financials
The company reported consolidated net sales of Rs 3305.78 crore for the quarter ended 31-Mar-2020, up 5.59 per cent from previous quarter's Rs 3130.74 crore and up 10.84 per cent from the year-ago quarter's Rs 2982.39 crore.
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The net profit for latest quarter stood at Rs 525.43 crore, up 13.42 per cent from the corresponding quarter last year. Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 4.19 per cent stake in the firm, while foreign institutional investors held 11.81 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 78.22 and a price-to-book ratio of 82.25. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
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Nestle India Ltd. belongs to the FMCG Food & Beverages industry.
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