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    Trending stocks: Nestle India shares down over 2%

    Synopsis

    Shares of Nestle India Ltd. traded 1.76 per cent down in trade at 09:35AM on Wednesday .

    Nestle

    The stock quoted a 52-week high of Rs 18369.95 and a 52-week low of Rs 10120.05 . 

    NEW DELHI: Shares of Nestle India traded 1.76 per cent down in Wednesday 's trade at 09:35AM (IST).
    Around 3354 shares changed hands on the counter. The stock opened at Rs 17900.0 and touched an intraday high and low of Rs 17900.0 and Rs 17051.05 , respectively, in the session so far.

    The stock quoted a 52-week high of Rs 18369.95 and a 52-week low of Rs 10120.05 .

    Nestle India, the maker of Maggi noodles and Kitkat chocolate, reported a forecast-beating 13.54 per cent year-on-year (YoY) jump in the net profit for the quarter ended March on Tuesday.

    Financials
    Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 168360.64 Crore) operating in FMCG sector.
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    For the quarter ended 31-03-2020, the company reported a Standalone sales of Rs 3305.78 Crore, up 5.59 % from last quarter Sales of Rs 3130.74 Crore and up 10.84 % from last year same quarter Sales of Rs 2982.39 Crore. The Company reported net profit after tax of Rs 525.43 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.

    Valuation ratio
    It quoted a price-to-earnings ratio of 82.87 and price to book value of 87.14 .



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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