Nestle India gained 1.45% to Rs 1420 at 15:00 IST on BSE, after posting 49.87% surge in net profit to Rs 93.61 crore in Q4 December 2007 over Q4 December 2006.
The company announced the results during trading hours today, 4 March 2008.
On BSE, 36,398 shares were traded in Nestle India counter. The scrip had an average daily volume of 36,988 shares in the past one quarter.
The stock hit a high of Rs 1441 and a low of Rs 1378 so far during the day. The stock had a 52-week high of Rs 1662.75 on 1 November 2007 and a 52-week low of Rs 876 on 8 March 2007.
The mid-cap scrip had outperformed the market over the past one month till 3 March 2008, gaining 2.73% compared to the Sensex’s fall of 8.58%. It had outperformed the market in the past one quarter, rising 6.66% compared to Sensex’s decline of 14.60%.
The company’s current equity is Rs 96.42 crore. Face value per share is Rs 10.
The current price of Rs 1420 discounts Q3 September 2007 annualized EPS of Rs 48.15 by a PE multiple of 29.49.
Nestle India’s total income rose 21.75% to Rs 905.30 crore in Q4 December 2007 over Q4 December 2006.
Nestle India manufactures and distributes food products. Food products include milk and nutrition, beverages, coffee blends, tea, cream, chocolate, cereals and cooking aids. The products of the company are exported to Russia, Nepal and Bhutan.
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