Shares of Nestlé India moved higher in early trade on April 21, gaining over 2% as investors positioned themselves ahead of the company’s much-anticipated Q4 results. The stock showed strong intraday momentum, reflecting optimism around earnings performance and demand trends in the FMCG space.
At around 10:37 AM (IST), Nestle India stock traded near the day’s high, supported by steady buying interest and improved market sentiment.
Strong intraday performance ahead of earnings
Nestle India opened the session at ₹1,298.10, slightly above its previous close of ₹1,286.40. The stock quickly gained traction, touching an intraday high of ₹1,314.90, while the day’s low stood at ₹1,286.80.
The movement indicates a positive bias among investors, with the stock inching closer to its 52-week high of ₹1,340.40. Notably, the 52-week low remains at ₹1,084.70, highlighting a strong recovery trajectory over the past months.
Trading activity remained active, with live volume recorded at 6,90,751 shares, signalling heightened participation ahead of the results announcement.
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