Nestle India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 14035, down 0.93% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.45% on the day, quoting at 11975.15. The Sensex is at 40637.08, up 0.47%.Nestle India Ltd has eased around 0.52% in last one month.Meanwhile, Nifty FMCG index of which Nestle India Ltd is a constituent, has eased around 4.47% in last one month and is currently quoting at 30536.45, down 0.5% on the day. The volume in the stock stood at 38259 shares today, compared to the daily average of 72786 shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 14073.35, down 0.72% on the day. Nestle India Ltd jumped 34.97% in last one year as compared to a 14.17% rally in NIFTY and a 4.01% spurt in the Nifty FMCG index.

The PE of the stock is 74.27 based on TTM earnings ending September 19.

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Nestle India announced that the Board of Directors of the Company at its meeting held on 03 December 2019, has recommended a Third Interim dividend of Rs.55 per share (i.e.550%), subject to the approval of the shareholders.

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Nestle India has fixed 11 December 2019 as record date for third interim dividend of Rs 55 per share for year 2019. The dividend will be paid on and from 20 December 2019.

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Nestle India will hold a meeting of the Board of Directors of the Company on 3 December 2019.

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