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Nestle India jumps on planning to invest Rs 2,600 crore over next three to four years

26 Oct 2020 Evaluate

Nestle India is currently trading at Rs. 16248.00, up by 385.00 points or 2.43% from its previous closing of Rs. 15863.00 on the BSE.

The scrip opened at Rs. 16139.60 and has touched a high and low of Rs. 16340.00 and Rs. 16053.85 respectively. So far 4358 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 18301.00 on 17-Apr-2020 and a 52 week low of Rs. 12588.95 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 16421.60 and Rs. 15435.00 respectively. The current market cap of the company is Rs. 156089.81 crore.

The promoters holding in the company stood at 62.76%, while Institutions and Non-Institutions held 20.42% and 16.82% respectively.

Nestle India is planning to invest Rs 2,600 crore over the next three to four years to augment its manufacturing capacity in the country, terming the move as ‘vindication of confidence and trust’ the company has in its India journey.

As per Nestle's plan, the new investments are aimed at expansion activities of the existing units and towards the construction of its new upcoming unit in Sanand, Gujarat.

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

1285.65 27.10 (2.15%)
17-Apr-2026 16:59 View Price Chart
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