Nestle inches ahead after rich Q3 brew

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN
AKER BAGGED SUB SEA PRODUCTION ORDER FROM RIL IN 2006 ALSO
RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
PORTING CHARGES TO BECOME APPLICABLE FROM DECEMBER 31, 2009
MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 03/11/2009 | 12:00 AM IST

Manufacturing

Capital Market

Tuesday, November 03, 2009 (New Delhi)

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Nestle India rose 0.84% to Rs 2595 at 12:27 IST on BSE, after net profit surged 38.7% to Rs 182.76 crore in Q3 September 2009 over Q3 September 2008.

Meanwhile, the BSE Sensex was up 33.19 points, or 0.21%, to 15,929.47.

On BSE, 5,468 shares were traded in the counter as against an average daily volume of 32,546 shares in the past one quarter.

The stock hit a high of Rs 2640 and a low of Rs 2590 so far during the day. The stock had hit a 52-week high of Rs 2739 on 14 October 2009 and a 52-week low of Rs 1220 on 18 November 2008.

The large-cap stock had outperformed the market over the past one month till 30 October 2009, rising 13.39% as compared to the Sensex's 7.18% fall. It had also outperformed the market in the past one quarter, gaining 24.17% as compared to the Sensex's return of 3.30%.

The company's equity capital is Rs 96.42 crore. Face value per share is Rs 10.

The current price of Rs 2595 discounts the company's Q3 September 2009 annualized EPS of Rs 75.82, by a PE multiple of 34.23.

Nestle India's net sales rose 17.6% to Rs 1302.23 crore in Q3 September 2009 over Q3 September 2008. The company declared its results after market hours on Friday, 30 October 2009.

Nestle India manufactures and distributes food products. The food products include milk and nutrition, beverages, coffee blends, tea, cream, chocolate, cereals, instant food and cooking aids. The products of the company are exported to Russia, Nepal and Bhutan.