The stock declined 3.53 per cent to Rs 2,375.75 on the BSE. At the NSE, it dipped 2 per cent to Rs 2,412.05 apiece. On Thursday, the shares of Nestle India had declined over 3 per cent.
Nestle share price drops 5% post Q3 earnings; top loser on BSE
Nestle share price has fallen 2.44% in one week and 6.28% in a month. Year-to-date, the stock is down 8.9%
BusinessToday.In | February 17, 2021 | Updated 12:39 IST
The market capitalisation of the FMCG major stood at Rs 1,61,532.48 crore
Shares of Nestle India traded as the top loser in the Sensex pack, falling over 5% after the FMCG major reported 2.25% YoY rise in its net profit for the quarter ended December to Rs 483.3 crore, as against Rs 472.64 crore in the corresponding quarter of the previous fiscal.
Following the result update, shares of the most consistent Sensex performers from FMCG category opened at day s high of Rs 16,900 and fell 5.01% to hit an intraday low of Rs 16,360 on BSE.