Nestle Financial News

«You have got a good rainfall, inflation is under control and I think the choice and aspiration of growing to bigger banks is growing. I continue to think Hindustan Lever on any correction, so as Marico and Nestle, but our two outperformers there are going to be Bata and Patanjali,» says Sanjiv Bhasin, Director, IIFL Securities. Are you smiling all the way saying, I told you so, ABFRL, Idea, those are some of the stocks that you just recommended. I told you, bring me when you are up 700 points, not 150 points, and that is what we did by the end of the day, so kudos. And ABFRL was rocking along with Idea. So, who says you cannot make money? All you have to do is watch ET Now. Yes, I think we have made that sharp recovery. Maybe we plateau here for a few days. You need digestion. FIIs outlook will keep rotating on sectors. But sectoral outperformance is there. You are getting a trading opportunity in some of the PSUs and we continue to think AB Birla Group is being re-rated and that is going to be a star performer this year.

Heritage Foods Ltd.(up 9.29%), Sheetal Cool Products Ltd.(up 7.25%), Mrs. Bectors Food Specialities Ltd.(up 6.35%), Vadilal Industries Ltd.(up 4.40%), Umang Dairies Ltd.(up 3.70%), Adani Wilmar Ltd.(up 3.70%), Dangee Dums Ltd.(up 3.29%), ADF Foods Ltd.(up 2.88%), Dodla Dairy Ltd.(up 2.40%) and Nakoda Group Of Industries Ltd.(up 2.36%) were among the top gainers.

Domestic benchmark index NSE Nifty gained 232.96 points to 22853.3, while the BSE Sensex traded 752.7 points up at 75134.94.

Nestle India with a target price of Rs 2880. The current market price of Nestle India Ltd. is Rs 2466.75. Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 241988.98 Crore) operating in FMCG sector.

Also Read: When mkt crashes, defensives like HUL, Nestle, Hero stand tallMarket expectation prior to election results was on pro-infrastructure measures, which were perceived to benefit consumption, again with a lag. However, analysts now believe that the current seat tally of ruling Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) will keep the government on its toes with pro-consumption initiatives being key.

Bank Nifty was down by -137.25(-0.29%) at 05 Jun 2024 10:44:56 IST.Other stocks such as Bannari Amman Sugars, Iris Clothings, Anupam Rasayan India, EPL, RAJRATAN GLO hit their fresh 52 wk lows today.

Britannia Industries Ltd, Hero Motocorp Ltd, and Tata Consumer Products Ltd not just stayed afloat but settled about 2-6% higher.This is in contrast to Shriram Finance Ltd, Power Grid, Larsen & Toubro, BPCL, Adani Enterprises and Adani Ports Special Economic Zone stocks that crashed 10-21%. What spooked investors was a negative surprise in India’s general elections results, with the ruling NDA set to return albeit with a less than expected majority.

stood among the top gainers.

Top Gainers: Hindustan Unilever (up 6.00%), Dabur India (up 5.64%), Avenue Supermarts (up 4.69%), Colgate Palmolive India (up 4.42%), United Breweries (up 4.07%)Top Losers: NBCC India (down 9.99%), Tejas Networks (down 9.95%), Century Textiles & Industries (down 9.87%), Aditya Birla Sun Life AMC (down 9.76%), Exide Industries (down 9.61%)Top Gainers: Dabur India (up 6.13%), Hindustan Unilever (up 5.96%), Avenue Supermarts (up 4.58%), Colgate Palmolive India (up 4.56%), Marico (up 3.44%)Top Losers: NBCC India (down 9.99%), ADANI WILMAR (down 9.99%), JSW Infrastructure (down 9.99%), Inox Wind (down 9.98%), IRB Infrastructure Developers (down 9.96%).Source: https://www.livemint.com/market/bse-top-gainers (BSE Top Gainers) and https://www.livemint.com/market/bse-top-losers (BSE Top Losers), https://www.livemint.com/market/nse-top-gainers (NSE Top Gainers) and https://www.livemint.com/market/nse-top-losers (NSE Top Losers).Milestone Alert! Livemint tops charts as the fastest growing news website in the world

Bank Nifty was down by -2152.5(-4.22%) at 04 Jun 2024 10:44:55 IST.Other stocks such as Tata Elxsi, Atul, HDFC Life Insurance Company, Landmark Cars, LTI Mindtree hit their fresh 52 wk lows today.

Paras Buildtech has announced the launch of its super luxury project ‘The Manor’ at Gwal Pahari in Gurugram. This high-rise residential project spans 4.26 acres and offers an exclusive collection of just 120 luxury apartments.

Mexico’s outgoing leader has rapidly built a train system looping around the country’s southern Yucatan Peninsula

Top Gainers and Losers in the Nifty Index TodayThe top gainers in the Nifty index today were Adani Enterprises (up 6.80%), Adani Ports & Special Economic Zone (up 3.90%), Shriram Finance (up 2.23%), Coal India (up 1.88%), and Tata Steel (up 1.86%). On the other hand, the top losers in the Nifty index were Divis Laboratories (down 2.39%), Nestle India (down 2.08%), Tata Consultancy Services (down 1.74%), Maruti Suzuki India (down 1.58%), and LTI Mindtree (down 1.49%).The bank nifty ended at 48,682.35, with an intraday high of 49,122.55 and a low of 48,569.05.

20 Microns Ltd.(up 3.31%) stood among the top gainers.

Welcome to Elixir Reserve-2.Situated in the heart of the city, Elixir Reserve-2 offers easy access to both the eastern and western parts of Mumbai. Located adjacent to JVLR, commuting to the western side is seamless. The upcoming Metro station, just half a kilometre away, further enhances accessibility, making Elixir Reserve-2 the best choice for those seeking both luxury and connectivity.Elixir Reserve-2 promises a lifestyle where serenity and urban living coexist harmoniously.

Emami Ltd.(up 15.08%), Heritage Foods Ltd.(up 10.35%), Varun Beverages Ltd.(up 1.73%), Adani Wilmar Ltd.(up 1.24%), JHS Svendgaard Laboratories Ltd.(up 0.79%), Dangee Dums Ltd.(up 0.63%), Jyothy Labs Ltd.(up 0.54%) and Euro India Fresh Foods Ltd.(up 0.42%) were among the top gainers.

Sikko Industries Ltd.(up 2.03%) were among the top gainers.

The NSE Nifty index was trading 132.3 points down at 22572.4, while BSE Sensex was down 403.07 points at 74099.83 at the time of writing this report.

RattanIndia Power Ltd.(up 4.89%), Adani Power Ltd.(up 2.52%), Jyoti Structures Ltd.(up 2.46%), Inox Wind Ltd.(up 0.70%), Hitachi Energy India Ltd.(up 0.48%) and Adani Energy Solutions Ltd.(up 0.12%) were among the top gainers.

Simbhaoli Sugars Ltd.(up 4.16%), KCP Sugar & Industries Corporation Ltd.(up 1.57%), Sakthi Sugars Ltd.(up 1.39%), Bannari Amman Sugars Ltd.(up 0.31%) and Rana Sugars Ltd.(up 0.24%) were among the top gainers.

EID Parry(India)Ltd.(up 8.29%), KM Sugar Mills Ltd.(up 4.46%), Simbhaoli Sugars Ltd.(up 3.18%), KCP Sugar & Industries Corporation Ltd.(up 1.75%), DCM Shriram Industries Ltd.(up 0.91%), Balrampur Chini Mills Ltd.(up 0.71%), Shree Renuka Sugars Ltd.(up 0.61%), Mawana Sugars Ltd.(up 0.61%), Dalmia Bharat Sugar and Industries Ltd.(up 0.56%) and Uttam Sugar Mills Ltd.(up 0.19%) stood among the top gainers.