Nestle India gains as LIC hikes stake

23 Aug 2017 Evaluate

Nestle India is currently trading at Rs. 6650.00, up by 31.30 points or 0.47% from its previous closing of Rs. 6618.70 on the BSE.

The scrip opened at Rs. 6670.00 and has touched a high and low of Rs. 6690.00 and Rs. 6641.00 respectively. So far 259 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7061.95 on 30-Oct-2016 and a 52 week low of Rs. 5701.05 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 6733.00 and Rs. 6585.05 respectively. The current market cap of the company is Rs. 64127.06 crore.

The promoters holding in the company stood at 62.76%, while institutions and non-institutions held 19.77% and 17.46% respectively.

Country’s largest insurer, Life Insurance Corporation (LIC) has acquired 40,000 shares in Nestle India through an open market purchase on August 21, as a result of which the total holding of the insurance behemoth has gone up to 5.01%. LIC previously had 4,79,54,35 shares in Nestle India, accounting for 4.97%.

Nestle India is a subsidiary of Nestle S.A. of Switzerland, a vibrant company that provides consumers in India with products of global standards.

Nestle Share Price

2166.80 14.95 (0.69%)
24-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Nestle 2166.80
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