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Nestle India surges on launching cocoa-malt beverage ‘MILO’ in India

21 Aug 2019

Nestle India is currently trading at Rs. 12222.75, up by 234.00 points or 2.17% from its previous closing of Rs. 11963.35 on the BSE.

The scrip opened at Rs. 11970.35 and has touched a high and low of Rs. 12230.00 and Rs. 11970.35 respectively. So far 1110 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 12266.25 on 09-Aug-2019 and a 52 week low of Rs. 9080.10 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 12250.00 and Rs. 11927.55 respectively. The current market cap of the company is Rs. 117627.17 crore.

The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 20.50% and 16.73% respectively.

Nestle India has launched world's no. 1 cocoa-malt beverage - MILO in India. MILO has a rich legacy, having nourished young champions around the world for more than 85 years by providing nutritious energy and the inspiration to grow with sports. Over 36 million serves of MILO are consumed daily in more than 50 countries across the world. The product is being manufactured at a state of the art factory in Singapore and is specifically tailored for the Indian consumer.

This launch further expands the MILO brand in India and is in line with the company’s unwavering promise to provide tastier and healthier products to valued consumers.

MILO is a nutritionally superior product is powered by ACTIV-GO, which contains PROTOMALT, a unique malt extract, and a specifically-designed combination of 9 essential micronutrients (vitamin B2, B3, B6, B12, C, D and important minerals calcium, iron, phosphorus) that support efficient energy release in the body.

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

Related Nestle India Ltd. Links:

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