Shares of Nestle India Ltd on Tuesday, October 19, 2021, settled at Rs 19,389.15 on BSE, down 0.20 per cent from its previous close.
Nestle, owner of everything from chocolate to coffee and baby food brands, has for several years been reorganising its activities to focus more on health and wellness.
Costly crude oil has sent ripples across businesses, and Nestle is no exception.
While Kotak Bank lost the most after shedding over 2 per cent, it was followed by Dr Reddy's, M&M, PowerGrid, NTPC, Nestle India and HDFC Bank.
While Tata Steel, NTPC, Bharti Airtel, HCL Tech, ICICI Bank, M&M and HDFC Bank followed IndusInd in losses, Asian Paints, UltraTech Cement, Bajaj Auto, HUL and Nestle India were among the gainers.
The company is in the process of setting up the oxygen plants in hospitals near its factories in Punjab, Himachal Pradesh, Uttarakhand, Karnataka and Goa, Nestle India said in a regulatory filing.
During the quarter under review, the company’s revenue from operations stood at ₹3,610.82 crore, up 8.6 per cent.