{"id":111116,"date":"2023-10-04T12:53:29","date_gmt":"2023-10-04T07:23:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111116"},"modified":"2023-10-04T12:53:34","modified_gmt":"2023-10-04T07:23:34","slug":"large-cap-stock-jumps-up-to-3-4-after-company-announces-interim-dividend-and-stock-split","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-stock-jumps-up-to-3-4-after-company-announces-interim-dividend-and-stock-split\/","title":{"rendered":"Large cap stock jumps up to 3.4% after company announces interim dividend and stock split\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2360268542\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Nestle India were up by 2 percent in the day\u2019s opening after the company announced its consideration for interim dividend and stock-split.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3742331565\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 9:20 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NESTLEIND\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Nestle India<\/a><\/strong> were trading at Rs. 23,348 up by 2 percent from its previous day close price and the market capitalization of the company is 2,18,555.\u00a0<\/p><p>According to the company\u2019s filing on BSE, Nestle India has scheduled a meeting of board of directors on October 19, 2023, to consider the declaration of the second interim dividend of the year 2023, the record date for determining the entitlement of second interim dividend for\u00a0the year 2023 would be November 1, 2023 and the payment date would be on or from November 16, 2023.\u00a0<\/p><p>It is also considering the alteration of share capital of the company by sub-division\/ split of existing equity shares having face value of Rs. 10\/- each, fully paid up.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4230866929\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s revenue has increased by 14.63 percent from 14,740.59 Cr in FY22 to 16896.96 Cr in FY23, accompanied by increasing profits of 2,118.41 Cr to 2,390.52 Cr.&nbsp;<\/p><p>The company has reported a return on equity (ROE) of 108.52 percent and return on capital employed (ROCE) of 152.61 percent, this indicates that the company is making massive returns on its equity and capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 62.76 percent stake, the Domestic Institutional Investors hold 9.05 percent and the Foreign Institutional Investors (FII) hold 12.38 percent.&nbsp;<\/p><p>Nestl\u00e9 India is the Indian subsidiary of Nestle which is a Swiss MNC, it is the world\u2019s largest food and beverage company with more than 2000 brands ranging from global icons to local favourites.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharat K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-397787227\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Nestle India were up by 2 percent in the day\u2019s opening after the company announced its consideration for interim dividend and stock-split.&nbsp; At 9:20 a.m the shares of Nestle India were trading at Rs. 23,348 up by 2 percent from its previous day close price and the market capitalization of the company [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12757,12755,12754,948,936,12756],"class_list":["post-111116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-nestle-india-dividend-and-stock-split","tag-nestle-india-latest-news","tag-nestle-india-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-nestle-india-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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