Nestle India Slips 0.10% to 1,480.70 Rupees as Sensex Drops 1.70%
Updated
Updated · MarketWatch · May 11
Nestle India Slips 0.10% to 1,480.70 Rupees as Sensex Drops 1.70%
8 articles · Updated · MarketWatch · May 11
Nestle India shares edged down 0.10% to 1,480.70 rupees on Monday, holding up better than a broader market selloff.
The BSE Sensex fell 1.70% to 76,015.28 in a rough session that pressured the stock.
Nestle India still finished just 1.02% below its 52-week high of 1,496.00 rupees reached on May 8.
Trading volume was 32,056 shares, well below the 50-day average of 79,387, suggesting relatively light activity during the decline.
Among peers, Heritage Foods rose 4.33%, while Vadilal Industries fell 2.29% and KRBL dropped 3.22%, leaving Nestle India's performance mixed against competitors.
Is Nestle's premium pricing on a collision course with Indian consumer wallets amid austerity calls?
Can Nestle's fortress balance sheet defend against a perfect storm of geopolitical and climate crises?