Nestle India gains on better Q2 profits

Nestle India gained on Monday after company announced better Q2 profits. Shares ofthe companyare trading at Rs 4,495, up Rs 46.95, or 1.06% at the Bombay Stock Exchange (BSE) on Monday at 9:51 a.m.The company reported an increase of 15.03% in net profit to Rs. 2,459.70 million for the quarter ended June 30, 2012 as compared to Rs. 2,138.30 million for the quarter ended June 30, 2011.

Total Income has gone up by 12.81% from Rs. 17,710.30 million for the quarter ended June 30, 2011 to Rs. 19,978.70 million for the quarter ended June 30, 2012.The scrip has touched an intra-day high of Rs 4,530 and low of Rs 4,402.05. The total volume of shares traded at the BSE is 285.In the earlier session, the shares gained 0.43%, or Rs 19.1, at Rs 4,448.05. Currently, the stock is trading down 10.54% from its 52-week high of Rs 5,024.35 and above 14.38% over the 52-week low of Rs 3,930.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 4,524.35 (76.30) (1.69) 1 Month 4,495.40 (47.35) (1.05) 3 Months 4,710.35 (262.30) (5.57) 6 Months 4,242.75 205.30 4.84 1 Year 4,349.20 98.85 2.27 Note: Based on previous day closing price.