Nestle India Share Price Today on 06-11-2024: Nestle India share price are up by 0.54%, Nifty up by 1.12%
Nestle India Share Price Today on 06-11-2024: On the last trading day for Nestle India, the stock opened at ₹2279.7 and closed at ₹2275.5. The highest price reached during the day was ₹2279.7, while the lowest price recorded was ₹2258.5. Overall, the stock experienced a slight decrease in value by the end of the trading session.
Nestle India Share Price Today on 06-11-2024: At 06 Nov 16:00 today, Nestle India shares are trading at price ₹2275.5, 0.54% up from the previous closing price. Sensex is trading at ₹80378.13, up by 1.13%. The stock has hit a high of ₹2279.7 and a low of ₹2258.5 during the day.
On the technical front, the stock is trading above the 5 days SMA & lower than the 10,20,50,100,300 day SMA. The stock will have support at 5 days SMA & face resistance at 10,20,50,100,300 days SMA
The SMA values for the stock are given below :
| Days | Simple Moving Average |
|---|---|
| 5 | 2272.26 |
| 10 | 2291.56 |
| 20 | 2389.46 |
| 50 | 2507.23 |
| 100 | 2521.75 |
| 300 | 2518.77 |
The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2285.08, ₹2293.22, & ₹2306.73, whereas it has key support levels at ₹2263.43, ₹2249.92, & ₹2241.78.
Nestle India Share Price Today
Till 4 PM today, the volume traded on NSE & BSE for Nestle India was 43.87% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.
Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.
The current P/E of the stock is at 67.42 & P/B is at 55.88.
The median 1-year forecasted upside in this share is at 9.95% with a target price of ₹2502.00.
The company has a 0.00% promoter holding, 4.28% MF holding, & 11.94% FII holding as per filings in the september quarter.
The MF holding has increased from 4.05% in june to 4.28% in the september quarter.
The FII holding has
Nestle India share price has gained 0.54% today to trade at ₹2275.5 in resonance with its peers. Its peers such as
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