Nestle India surges 4% in weak market on stock split, interim dividend plan
Nestle India said the board will meet on October 19 to consider a stock split and interim dividend.
Shares of Nestle India surged 4 per cent to Rs 23,333.65 on the BSE in Wednesday’s intra-day trade in an otherwise weak market after the company announced that the board will meet on October 19 to consider a stock split proposal. The board will also consider declaration of second interim dividend for the year 2023, if any.
The stock of packaged foods company was trading close to its 52-week high of Rs 23,390 hit on July 17, 2023. In comparison, the S&P BSE Sensex was down 0.72 per cent at 65,042 at 09:22 AM.
In an exchange filing, Nestle India said, a meeting of the board of directors is scheduled to be held on Thursday, October 19, 2023, to consider the un-audited financial results of the company for the third quarter and nine months ended 30th September 2023.
Nestle India said the board will meet on October 19 to consider a stock split and interim dividend.
Shares of Nestle India surged 4 per cent to Rs 23,333.65 on the BSE in Wednesday’s intra-day trade in an otherwise weak market after the company announced that the board will meet on October 19 to consider a stock split proposal. The board will also consider declaration of second interim dividend for the year 2023, if any.
The stock of packaged foods company was trading close to its 52-week high of Rs 23,390 hit on July 17, 2023. In comparison, the S&P BSE Sensex was down 0.72 per cent at 65,042 at 09:22 AM.
In an exchange filing, Nestle India said, a meeting of the board of directors is scheduled to be held on Thursday, October 19, 2023, to consider the un-audited financial results of the company for the third quarter and nine months ended 30th September 2023.