Nestle India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 14380.4, down 1.46% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.75% on the day, quoting at 12013.1. The Sensex is at 40753.92, down 1.71%.Nestle India Ltd has gained around 1.04% in last one month.Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has eased around 1.82% in last one month and is currently quoting at 30109.25, down 0.96% on the day. The volume in the stock stood at 38038 shares today, compared to the daily average of 87639 shares in last one month.
The benchmark January futures contract for the stock is quoting at Rs 14535.45, down 0.95% on the day. Nestle India Ltd jumped 33.32% in last one year as compared to a 11.52% rally in NIFTY and a 1.52% fall in the Nifty FMCG index.
The PE of the stock is 76.56 based on TTM earnings ending September 19.