Nestle India Maintains Steady Performance Amidst Mixed Market Trends

Nestle India, a prominent player in the FMCG sector, has shown notable activity today, maintaining performance in line with the sector. The stock has experienced a consecutive gain over the past three days, reflecting a modest increase of 0.51% during this period. Today, it opened at Rs 1209.6 and has traded consistently at this price point.
In terms of moving averages, Nestle India’s stock is currently above the 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average. The company holds a market capitalization of Rs 2,32,371.52 crore, categorizing it as a large-cap stock. Its price-to-earnings (P/E) ratio stands at 77.55, significantly higher than the industry average of 56.90.

Over the past year, Nestle India has seen a decline of 8.61%, contrasting with the Sensex's slight drop of 0.51%. In the short term, the stock has faced challenges, with a 1-day performance of -0.41% and a 1-week decline of 1.14%. However, it has shown resilience with a year-to-date performance of 10.86%, outperforming the Sensex's 5.92%.