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Nestle India hits fresh all-time high; m-cap nears Rs 1.5 trillion

Currently, Nestle India stands at 20th position in overall ranking of listed companies with market cap of Rs 1.47 trillion

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SI Reporter Mumbai
Shares of Nestle India hit a new all-time high of Rs 15,330 after gaining 3 per cent on the BSE on Thursday amid expectations of another good quarter. The packaged foods company is schedule to announce its October-December quarter (Q4CY19) results on February 13, 2020.

The stock has surpassed its previous high of Rs 15,147, recorded on October 31, 2019. In the past month, Nestle India has outpaced the market by gaining 10 per cent, as compared to 2 per cent rise in the S&P BSE Sensex.

A sharp surge in stock price has seen the company's market