{"id":115818,"date":"2023-12-19T13:22:29","date_gmt":"2023-12-19T07:52:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115818"},"modified":"2023-12-19T13:22:35","modified_gmt":"2023-12-19T07:52:35","slug":"fmcg-stock-jumps-5-after-it-sets-record-date-for-110-stock-split-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-stock-jumps-5-after-it-sets-record-date-for-110-stock-split-check-the-details\/","title":{"rendered":"FMCG stock jumps 5% after it sets record date for 1:10\u00a0stock split; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-656084275\"><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 one of the largest Fast Moving Consumer Goods(FMCG) companies jumped 5 percent in the day\u2019s trade after it declared a stock split of equity shares of the company in the ratio of 1:10.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-275298556\"><!-- 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 11:35 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NESTLEIND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Nestle India Limited<\/a><\/strong> were trading at Rs. 25,520, up 4.79 percent from its previous day\u2019s close price of Rs. 24,354.25 and its market capitalization is Rs. 2,45,660 Crores.\u00a0<\/p><p>Nestle Industries Limited has announced the stock split of the company\u2019s equity shares in the ratio of 1:10 where 1 equity share with a face value of Rs. 10 will be divided into 10 equity shares with a face value of Rs. 1 and January 5, 2024, is fixed as the Record date for being determining the entitlement of equity shareholders for the stock split.&nbsp;<\/p><p>It has launched over 110 new products over the last seven years with approximately 30 new projects in the pipeline. Some famous brands Nestle India sells are Maggi, Nescafe, Milo, Kitkat, ceregrow, and many more.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1116720341\"><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>It has reported a return on equity (ROE) of 138 percent and a return on capital employed (ROCE) of 108 percent, it is making very good returns on its equity and capital employed.&nbsp;<\/p><p>The company\u2019s revenue from operations grew 14.63 percent from Rs. 14,740.59 Crores in December 2021 to Rs. 16,896.96 Crores in December 2022, accompanied by increasing profits of Rs. 2,118.41 Crores to Rs. 2,390.52 Crores.&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 Favorites. It has a wide distribution network with More than 2,000 distributors, and 4500 suppliers over India.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath 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-3555382767\"><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 one of the largest Fast Moving Consumer Goods(FMCG) companies jumped 5 percent in the day\u2019s trade after it declared a stock split of equity shares of the company in the ratio of 1:10.&nbsp; At 11:35 a.m the shares of Nestle India Limited were trading at Rs. 25,520, up 4.79 percent from its [&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":[12755,12754,15252,948,936],"class_list":["post-115818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-nestle-india-latest-news","tag-nestle-india-share-price","tag-nestle-india-stock-split","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>FMCG stock jumps 5% after it sets record date for 1:10\u00a0stock split; 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