Nestle India Share Price Today on 28-11-2024: Nestle India share price are down by -1.14%, Nifty down by -0.77%

Nestle India Share Price Today on 28-11-2024: At 28 Nov 11:13 today, Nestle India shares are trading at price ₹2246.95, -1.14% down from the previous closing price. Sensex is trading at ₹79570.23, down by -0.83%. The stock has hit a high of ₹2278.55 and a low of ₹2242.6 during the day.

On the technical front, the stock is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The stock will have support at 5,10 days SMA & face resistance at 20,50,100,300 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2282.18, ₹2292.67, & ₹2308.53, whereas it has key support levels at ₹2255.83, ₹2239.97, & ₹2229.48.

Nestle India Share Price Today

Till 11 AM today, the volume traded on NSE & BSE for Nestle India was 96.21% 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 indicating a trend reversal after a strong downtrend..

The current P/E of the stock is at 67.76 & P/B is at 56.17.

The median 1-year forecasted upside in this share is at 11.04% with a target price of ₹2495.00.

The company has a 0.00% promoter holding, 4.54% MF holding, & 11.94% FII holding as per filings in the september quarter.

The MF holding has increased from 4.37% in june to 4.54% in the september quarter.

The FII holding has from % in to % in the quarter.

Nestle India share price down -1.14% today to trade at ₹2246.95 while its peers are mixed. Its peers such as Britannia Industries, Tata Consumer are falling today, but its peers Patanjali Foods, ADANI WILMAR are on the rise. Overall, benchmark indices Nifty & Sensex are down -0.77% & -0.83% each respectively.