Nestle India Stock Declines 3.55% Amid Mixed FMCG Sector Results

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 faced a decline over the past four days, with a cumulative drop of 3.55%. Today, it opened at Rs 1165.65 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 a mixed short-term performance relative to longer-term trends. The company's market capitalization stands at Rs 2,25,410.30 crore, categorizing it as a large-cap stock.

The price-to-earnings (P/E) ratio for Nestle India is 74.77, significantly higher than the industry average of 55.49, reflecting its valuation in comparison to peers. Over the past year, the stock has declined by 13.40%, contrasting with the Sensex's decrease of 3.57%. Year-to-date, however, Nestle India has shown a positive return of 7.61%, outperforming the Sensex, which has gained 4.79%.