Stock of Interest

Posted On: July 13, 2023

Stock Report : NESTLEIND (NSE) 12 Jul 2023

Nestle India Limited is the company’s Indian subsidiary. Nestle is a Swiss multinational enterprise. The company’s headquarters are in Gurgaon, Haryana. The company’s products include food, beverages, chocolate, and confectioneries. Nestle Alimentana S.A. promoted the company on March 28, 1959, through a subsidiary, Nestle Holdings Ltd. As of 2020, Nestle’s parent company owns 62.76% of Nestle India. The company operates nine manufacturing sites across India. Nestlé India Limited had a market capitalization of Rs. 1,93,666.87 crore in December 2022, with a headcount of 7,649 employees as of 2020. Nestlé India Limited’s income has increased significantly, reaching Rs 15,050 crore (US$1.9 billion) in 2022.

xCalData predicts NESTLEIND will continue its bullish phase over the next five days and trend within the range of 23,935 and 22,800

We note the net income has increased year on year. Particularly, the EBITA Margin has increased significantly.

The Stock has doubled once since 08 Jun 2015 and took an average of 3.2 years to double.

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Disclaimer: The securities quoted are for illustration only and are not recommendatory.