Nestle India Stock Declines 0.81%, Remains Above 200-Day Moving Average

Nestle India, a prominent player in the FMCG sector, has experienced notable activity today, aligning its performance with the broader sector trends. The stock has seen a decline over the past two days, with a decrease of 0.81% during this period. It opened at Rs 1,170 and has maintained this price throughout the trading session.
In terms of moving averages, Nestle India is currently positioned above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term performance relative to longer-term trends.

The company's market capitalization stands at Rs 2,24,928.22 crore, categorizing it as a large-cap stock. The price-to-earnings (P/E) ratio is reported at 75.21, significantly higher than the industry average of 55.41.

Over the past year, Nestle India has faced a decline of 14.97%, contrasting with the Sensex's decrease of 5.69%. Year-to-date, however, the stock has shown a positive return of 7.38%, outperforming the Sensex's 3.59%. Overall, the FMCG sector has seen mixed results, with six stocks reporting results, none positive, three flat, and three negative.