Nestle India advances on planning to invest Rs 500 crore in Maggie noodles plant in Gujarat

20 Dec 2011 Evaluate

Nestle India is currently trading at Rs. 4165.00, up by 12.45 points or 0.30% from its previous closing of Rs. 4152.55 on the BSE.

The scrip opened at Rs. 4198.00 and has touched a high and low of Rs. 4198.00 and Rs. 4155.25 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4549.00 on 08-Nov-2011 and a 52 week low of Rs. 3160.00 on 10-Feb-2011.

Last one week high and low of the scrip stood at Rs. 4251.95 and Rs. 4125.00 respectively. The current market cap of the company is Rs. 40037.11 crore.

The promoters holding in the company stood at 62.76% while Institutions and Non-Institutions held 18.87% and 18.36% respectively. 

Nestle India, a subsidiary of Nestle SA, the Swiss major in food and beverages, is planning to invest nearly Rs 500 crore mainly on Maggie noodles and confectionery-manufacturing plant in Gujarat next year.

As part of its aggressive business expansion policy in the western and eastern States by doubling capacities, the company is targeting Bihar for the ninth plant.

Nestle procures 13 lakh litres of milk from one lakh farmers in Punjab, Haryana, Maharashtra and Rajasthan.

Nestle has its presence in India for around nine decades, making it one of the oldest company in India. Nestle has created brands like Nestle Milkmaid, Nestle Everyday, Maggi Noodles, Maggi Soups, Polo, Kit Kat, Nescafe & many more.

Nestle Share Price

2163.85 2.60 (0.12%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Nestle 2163.85
Britannia Inds 4700.90
Varun Beverages 612.20
Marico 628.25
Hatsun Agro Product 1017.85
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.