{"id":112264,"date":"2023-10-19T14:25:57","date_gmt":"2023-10-19T08:55:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112264"},"modified":"2023-10-19T14:26:02","modified_gmt":"2023-10-19T08:56:02","slug":"large-cap-fmcg-stock-hits-all-time-high-after-it-announces-first-ever-stock-split","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-fmcg-stock-hits-all-time-high-after-it-announces-first-ever-stock-split\/","title":{"rendered":"Large cap FMCG stock hits all time high after it announces first ever stock split"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-273573598\"><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>This S&amp;P BSE SENSEX stock is India\u2019s second largest FMCG company and has a market cap of Rs. 2,26,695 crore and rose over 1.5% to make a new 52 week high with volumes that are over 1.5x previous session\u2019s and the monthly average volumes. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3491380460\"><!-- 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>The stock gained after announcing its results and additionally, it recently announced a first ever stock split. The stock trades 1.3% away from its 52 week high and has a sizable FII holding of 12%.&nbsp;<\/p><p>In a filing dated 19th October 2023, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NESTLEIND\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Nestle India Ltd<\/a><\/strong> (\u201cNestle\u201d)announced results for Q3 FY24. Total Sales of INR 5,009.5 Crore which crosses the Rs. 5000 crore milestone and indicates a Total Sales Growth of 9.4% and Domestic Sales Growth was reported at 10.3%. Operating profit stands at at 22.6% of Sales and Net Profit of INR 908.1 Crore versus Rs 668.3 crore in Q3 FY23. <\/p><p>Nestle also declared a second interim dividend of Rs 140 per share and the record date for the same is set at November 1st 2023, to be paid on November 16th 2023.<\/p><div class=\"trade-content_5\" id=\"trade-3725507631\"><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>Commenting on the results, Mr. Suresh Narayanan, Chairman and Managing Director, Nestl\u00e9 India said, \u201cI am pleased to share that we have, yet again, delivered consistent performance almost across all major brands. Domestic sales grew double digit, on account of mix, volume and price. <\/p><p>Key brands continued to perform well, led by KITKAT, NESCAF\u00c9 CLASSIC, NESCAF\u00c9 SUNRISE, supported by MUNCH and MILKMAID. We are investing towards building our brand equity and have made strong and significant investments across all product groups. We crossed INR 5,000 crore turnover, which has been our first in any quarter in the history of the Company and a landmark for us.\u201d&nbsp;<\/p><p>Additionally, Nestle had announced board consideration of a stock split during Q3 meeting. The subject was discussed and approved today. The board approved a stock split in the ratio of 1:10. Meaning, if you had 1 share of Nestle which is now at Rs. 23541.75, after the split you would have 10 shares worth Rs. 2354.18 each.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/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-1511650533\"><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>This S&amp;P BSE SENSEX stock is India\u2019s second largest FMCG company and has a market cap of Rs. 2,26,695 crore and rose over 1.5% to make a new 52 week high with volumes that are over 1.5x previous session\u2019s and the monthly average volumes. The stock gained after announcing its results and additionally, it recently [&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":[12757,12755,13516,12754,948,936],"class_list":["post-112264","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-q3-results-fy24","tag-nestle-india-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Large cap FMCG stock hits all time high after it announces first ever stock split - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE SENSEX stock is India\u2019s second largest FMCG company and has a market cap of Rs. 2,26,695 crore and rose over 1.5% to make a new 52 week high with volumes that are over 1.5x previous session\u2019s and the monthly average volumes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/large-cap-fmcg-stock-hits-all-time-high-after-it-announces-first-ever-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Large cap FMCG stock hits all time high after it announces first ever stock split\" \/>\n<meta property=\"og:description\" content=\"This S&amp;P BSE SENSEX stock is India\u2019s second largest FMCG company and has a market cap of Rs. 2,26,695 crore and rose over 1.5% to make a new 52 week high with volumes that are over 1.5x previous session\u2019s and the monthly average volumes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/large-cap-fmcg-stock-hits-all-time-high-after-it-announces-first-ever-stock-split\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-19T08:55:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-19T08:56:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/fmcg.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/large-cap-fmcg-stock-hits-all-time-high-after-it-announces-first-ever-stock-split\/\",\"url\":\"https:\/\/tradebrains.in\/features\/large-cap-fmcg-stock-hits-all-time-high-after-it-announces-first-ever-stock-split\/\",\"name\":\"Large cap FMCG stock hits all time high after it announces first ever stock split - 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