Nestle India surges on introducing Nescafe Plan to optimize its coffee supply chain

06 Jan 2012 Evaluate

Nestle India is currently trading at Rs. 4148.95, up by 47.10 points or 1.15% from its previous closing of Rs. 4101.85 on the BSE.

The scrip opened at Rs. 4114.00 and has touched a high and low of Rs. 4155.00 and Rs. 4076.00 respectively. So far 1478 shares were traded on the counter.

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. 4160.00 and Rs. 4044.00 respectively. The current market cap of the company is Rs. 39530.44 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, the packaged foods maker has launched one of its global programmes - Nescafe Plan - to shore up coffee farmers and help it optimize its coffee supply chain. Under the Nescafe Plan, the company has introduced its first Nescafe coffee demo farm and training centre in Karnataka.

The farmers will get the help to improve quality, productivity and sustainability through this coffee 'demonstration' farm. The company's research and development team aims to offer farmers with high-yielding, disease resistant plantlets suitable for Indian conditions. Through the initiative, the company will source coffee sustainably by working with Indian coffee farmers.

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
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