Market Watch

Wednesday 14 May 2014

Stock Tips & Live Market Updates


Nestle IndiaBSE -2.30 % Ltd plunged as much as 2.3 per cent in trade on Wednesday, after the FMCG major said that its net profit for the quarter ended March 31 dropped 7.1 per cent from a year ago to Rs 259.2 crore.
Nestle India was trading 1.8 per cent lower at Rs 4761. It hit a low of Rs 4735 and a high of Rs 4800 in trade today.
Net sales rose to Rs 2,313.46 crore from Rs 2,248.08 crore in the same period of the previous year, Nestle India said in a BSE filing.
Index heavyweight Reliance Industries hit 52-week high. Another index heavyweight and cigarette major ITC also rose. Reliance Infrastructure scaled 52-week high.
The stock hit a 52-week high of Rs 1,067 in intraday trade. The stock hit a low of Rs 1,055.10 in intraday trade so far during the day.
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