Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 18 2018

Nestle India market cap crosses Rs 1 lakh cr

Nestle has also become the third FMCG company after Hindustan Unilever and ITC to command a market valuation of more than Rs 1 lakh crore.

FMCG major Nestle India's market valuation has surged past Rs 1 lakh crore mark helped by a rally in its share price.

The company's market valuation stood at Rs 1,01,541.66 crore at close of trade on BSE today.

Shares of the company gained 3.14 per cent to end at Rs 10,531.65 on BSE. During the day, it surged 3.55 per cent to Rs 10,574 -- its 52-week high.

At NSE, shares of the company went up by 3 per cent to close at Rs 10,511.75.

Led by the gain in the stock, the company's market valuation rose by Rs 3,096.66 crore to Rs 1,01,541.66 crore on BSE.

Nestle has also become the third FMCG company after Hindustan Unilever and ITC to command a market valuation of more than Rs 1 lakh crore.

HUL's m-cap stood at Rs 3,64,470.22 crore and that of ITC was Rs 3,29,355.98 crore.

The stock of Nestle has gained over 34 per cent so far this year.

Comment
Related opportunities
  • Competitive Exam Coaching Institute
    About Us: Trishul Defence Academy is one of the leading defense..
    Locations looking for expansion Uttar pradesh
    Establishment year 2004
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Lucknow Uttar pradesh
  • Kitchen's Heaven was founded by Mr. Savan Kotecha in 2014,..
    Locations looking for expansion Gujarat
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • About Us: “99 Pancakes” is first and India’s fastest growing business..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Doner & Gyros is a casual fast food restaurant..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities