Nestle India gains on plans to restore Maggi noodles by year end

Nestle India is trading higher by 1.7% in a falling market as it decides to restore Maggi subject to certain clearances

Shares of Nestle India are trading higher by 1.7% in an otherwise falling market as the company decides to  restore, the popular instant noodles, Maggi back in the market by end of this year subject to certain clearances. CLICK FOR FULL REPORT

Recently, the Bombay high court set aside the 5th June ban and recall order on Maggi noodles by food regulator Food Safety and Standards Authority of India. Also, the court directed Nestle to send the preserved samples of Maggi noodles to three accredited laboratories at Hyderabad, Mohali and Jaipur for further testing to determine the content of lead in it.

 

The stock opened at Rs 6,100 and touched a high of Rs 6,214 on the BSE. A total of 4,579 shares changed hands on the BSE so far.