Nestle India Stock Split – All You Need to Know
FMCG giant Nestle India is planning a stock split on January 5, where one share will become ten i.e. split will be in 1:10 ratio. This move is designed to make the stock easier to trade but doesn’t change the overall value for investors. If you own shares on January 5, you’ll get more shares.
In their latest financial report, Nestle India made 36% more profit, reaching ₹908 crore, and their revenue went up by 9.6%, reaching ₹5036 crore.
Foreign investors i.e. FII reduced their ownership a bit, from 12.38% to 12.1%, while Indian investors increased their ownership from 9.05% to 9.32%.
As of today i.e. December 21, Nestle India’s stock price was ₹25,137, a small increase of 0.16%. But for the whole year, the stock went up by 24.22%.
In 2023, Nestle India’s stock went up by 24%, and in the last five years, it gave a big return of 120%. Over the last ten years, the return is a whopping 366%.
The stock price on the stock market went between ₹25,240 and ₹17,888 in the last year. As of December 18, the total value of Nestle India on the stock market is approx ₹2,34,832.05 crore.
