Nestle share price drops 5% post Q3 earnings; top loser on BSE
Nestle share price has fallen 2.44% in one week and 6.28% in a month. Year-to-date, the stock is down 8.9%
BusinessToday.In | February 17, 2021 | Updated 12:39 IST
The market capitalisation of the FMCG major stood at Rs 1,61,532.48 crore
Shares of Nestle India traded as the top loser in the Sensex pack, falling over 5% after the FMCG major reported 2.25% YoY rise in its net profit for the quarter ended December to Rs 483.3 crore, as against Rs 472.64 crore in the corresponding quarter of the previous fiscal.
Following the result update, shares of the most consistent Sensex performers from FMCG category opened at day s high of Rs 16,900 and fell 5.01% to hit an intraday low of Rs 16,360 on BSE.
Mindtree share approaches record high on strong Q3 earnings
Mindtree stock price has fallen 4% last week. However, the stock has risen over 13% in one month. Year-to-date the stock has gained over 1%
BusinessToday.In | January 19, 2021 | Updated 14:41 IST
Meanwhile, IT index on BSE was up 0.75%, in line with broader indices Sensex and Nifty that rose 1.5% today, trading near record highs
Share of L&T group IT firm Mindtree were trading near record highs in Tuesday s early session after analysts raised the target price for the stock. The company beat earnings estimates in the December quarter.
The mid-sized software services provider posted a 66% YoY growth in its net profit to Rs. 326.5 crore for Q3 FY21 as against Rs 197 crore in a year-earlier period. On a sequential basis, the net profit was up 28.7%.