Nestle India declines on registering 7% fall in Q1 net profitv

Nestle India is currently trading at Rs. 4738.95, down by 112.40 points or 2.32% from its previous closing of Rs. 4851.35 on the BSE. The scrip opened at Rs. 4800.00 and has touched a high and low of Rs. 4800.00 and Rs. 4734.90 respectively. So far 1828 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5864.85 on 18-Jul-2013 and a 52 week low of Rs. 4589.00 on 29-Aug-2013. Last one week high and low of the scrip stood at Rs. 4869.75 and Rs. 4665.20 respectively. The current market cap of the company is Rs. 45817.71 crore. The promoters holding in the company stood at 62.76% while Institutions and Non-Institutions held 18.97% and 18.27% respectively. Nestle India has posted a fall of 7.14% in its net profit at Rs 259.16 crore for the quarter ended March 31, 2014 as compared to Rs 279.09 crore for the same quarter in the previous year. However, total income of the company has increased by 3.71% at Rs 2352.44 crore for quarter under review as compared to Rs 2268.08 crore for the quarter ended March 31, 2013 Nestle India has its presence in India for around nine decades, making it one of the oldest company in India. Nestle has created brands like Nestle Milkmaid, Nestle Everyday, Maggi Noodles, Maggi Soups, Polo, Kit Kat, Nescafe and many more.