Nestle India market cap surges past Rs 1 lakh cr mark; becomes 3rd FMCG co after HUL, ITC to enter trillion club

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

Press Trust of India July 18, 2018 07:52:28 IST
Nestle India market cap surges past Rs 1 lakh cr mark; becomes 3rd FMCG co after HUL, ITC to enter trillion club

New Delhi: 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 on Tuesday

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

Nestle India market cap surges past Rs 1 lakh cr mark becomes 3rd FMCG co after HUL ITC to enter trillion club

Logo. AFP

At NSE, shares of the company went up by 3 percent to close at Rs 10,511.75 on Tuesday.

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 the Bombay Stock Exchange (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 percent so far this year.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

FMCG learns Maggi lessons, eyes 2016 to regain lost ground
Business

FMCG learns Maggi lessons, eyes 2016 to regain lost ground

Having learnt their Maggi lessons hard way in 2015, the FMCG sector is desperately looking for a brighter new year with hopes pinned on revival in rural demand and push from e-commerce

What can RBI do to reduce trust deficit with NBFCs? All this and more on Moneycontrol Pro
Business

What can RBI do to reduce trust deficit with NBFCs? All this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations.

HUL shares gain nearly 3%, market cap rises by Rs 6,191 cr
Business

HUL shares gain nearly 3%, market cap rises by Rs 6,191 cr

HUL has posted 6.19 percent increase in net profit to Rs 1,183 crore for the fourth quarter ended 31 March