Based on the OI percentage, 56 stocks were on the short-covering list. These included Balkrishna Industries, Divis Laboratories, Dabur India, Nestle India, and Britannia Industries.

Trade setup for Thursday: Top 15 things to know before the opening bell

Nestle said Anna Manz, the finance boss of the London Stock Exchange Group, will take over from Francois-Xavier Roger when she is released from her current role.

Unilever and Nestle to appoint new finance chiefs as industry battles inflation

Shares in Nvidia, which makes computer chips that train AI systems, have almost doubled since ChatGPT’s launch. The company’s stock market value at roughly $940 billion is more than double that of Europe’s Nestle. Nvidia surged some 25% on Thursday alone after forecasting a sales jump.

Investing in AI: how to avoid the hype

Among the Sensex stocks, Tata Motors, Wipro, IndusInd Bank, Tech Mahindra, HCL Tech, and Sun Pharma opened in the red, while Power Grid, ITC, Kotak Bank, Nestle, M&M, and HUL opened with gains.

Sensex, Nifty lacklustre on weak global cues amid US debt ceiling woes

India is one of the fastest growing markets for Nescafe and offers a “huge opportunity” for innovation and premiumisation, according to a senior Nestle official.

Indian market offers opportunity of innovation for Nescafe: Nestle official

Nestle’s Head of Coffee Strategic Business Unit Philipp Navratil, who is on an India visit, said the company is encouraged by the new coffee culture brewing in India with the opening of new coffee shops. “India is one of the fastest growing markets for Nescafe and offers a huge opportunity for penet…

India one of fastest-growing markets for Nescafe, offers opportunity for innovation: Nestle

Nestle India, Hero MotoCorp, Eicher Motors, Axis Bank and Coal India Ltd were among the top losers on NSE in today’s trade.

Stock market update: Stocks that hit 52-week lows on NSE in today’s trade

Adani Enterprises, Adani Ports, Divis Labs, Apollo Hospitals and Tech Mahindra were among the biggest Nifty gainers, while Nestle India, Hero MotoCorp and Eicher Motors were among the stocks that lost the most

Taking Stock: Market gains for second day; Sensex up 234 points, Nifty above 18,300 as IT, metals shine

India’s Fast-moving consumer goods (FMCG) sector has reportedly resumed its normal growth cycle, buoyed by volume growth, margin improvement, and recovery in rural sales. FMCG firms including Dabur, Godrej Consumer Products, Hindustan Unilever, ITC, Marico, Nestle, and Tata Consumer Products reporte…

FMCG makers expect sustained recovery in volume and margins with price reduction in FY24

Suresh Narayanan is credited for reviving the brand Maggi Noodles.

Meet Suresh Narayanan, Nestle chairman & MD who is credited for reviving Maggi; Know about his net worth and lifestyle | The Financial Express

46-feet long containers to be deployed at Sanand

GreenLine to deploy LNG-powered container fleet at Nestle factory to transport Maggi noodles

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Nestle India Limited is engaged in food business. It manages brands like NESCAFE, MAGGI, KitKat, BarOne, Alpino, Munch, Eclairs and POLO.

Nestle India Ltd