Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 195151.19 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 3506.17 Crore, down -3.69 % from last quarter Total Income of Rs 3640.47 Crore and up 13.53 % from last year same quarter Total Income of Rs 3088.41 Crore. Company reported net profit after tax of Rs 538.58 Crore in latest quarter.
Investment Rationale
The stock has resumed an uptrend after taking support at the trendline in the recent profit booking. Further, it is constantly making higher highs and higher lows and all the bull candles are on extremely good volumes, confirming bullishness. Technical indicator RSI has turned upwards after taking support at the 60-level, suggesting strength in the stock.
Promoter/FII Holdings
Promoters held 62.8 per cent stake in the company as of June 30, 2021, while FIIs held 12.4 per cent, DIIs 7.9 per cent and public and others 16.9 per cent.
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