Multinational Nestle India limited , Index Nifty stock has gained 3926 points in just 15 days from its low of 12,944.65 on 23 March 2020 on closing basis.It means Nestle have zoomed more than 30 per cent in 15 days.Nescafe, Maggi ,Milkmaid are one of the few popular Nestle brands in India.
In a month Index Nifty have given 17 per cent negative returns but Nestle India have returned 5 per cent.
Nestle , a parent company of Nestle India is the world’s largest food and beverage company. It has more than 2000 brands and has presence in 191 countries around the world.
Today Nestle closed 138.65 points down (-0.81%) at 16,900.00. At current price company have market capital of 1,62,94,2.56 crores rupees. Nifty FMCG closed in green with 0.33% gain.
Hindustan Unilever (HUL) and Dabur India are two other FMCG players which are outperforming the rest of the market in the last few weeks. HUL is also one of the Index Nifty stock and is making a new 52 weeks high in this bear market.