Nestle India, Trent, GSK Consumer hit fresh highs in weak market

Shares of Nestle India, GlaxoSmithKline (GSK) Consumer Healthcare, and Trent hit their respective new highs on the BSE in intra-day trade on Wednesday in an otherwise weak market. In comparison, the S&P BSE Sensex was down 0.46 per cent at 37,157 points at 12:08 pm.

Nestle India gained 4 per cent to Rs 12,397, and surpassed its previous high of Rs 12,266, recorded on August 9. Since August 5, the stock has outpaced the market by gaining 8 per cent after the fast moving consumer goods (FMCG) company delivered strong volume and mix-led growth in the April-June quarter and