Nestle India Shares: Indian branch Nestle India of Switzerland Nestle India has always been a big FMCG sector company. It has made its mark in every house on the basis of products like Maggi, Kitkat, Milkybar and Milkmaid. The company has been in constant profit and has also been giving a lot of dividend to investors. But at the moment its stock is seeing a strong decline. Now the question is whether this decline is a big chance for investors or may have to suffer more losses?
Nestle’s stock has caused a loss of 17.2% in the last one year, but if we talk about long periods, its performance has been strong.
57.7% rose in 5 years
286% gained in 10 years
Tremendous 914% jump in 15 years
Since January 2024, 10: 1 stock split of the company’s stock has been done. That is, the face value of the first ₹ 10 is now just ₹ 1. Last year, the company gave a dividend of ₹ 18.25 per share and has received a total dividend of ₹ 1,353 per share in the last 7 years. Now on 31 January 2025, Nestle India is going to announce its December quarter result and new dividend, which the market is eyeing.
22% declines in 4 months, what will happen next? Learn what the technical chart says
The stock of Nestle India has fallen by 22% in the last 4 months and is now reaching close to super trend support of ₹ 2,033. This level is very important, because since 2017 it has been handling the stock on every decline. Whenever this level remained in the last 7 years, the stock jumped up to 237%. Now the big question is whether this time this time will happen, or can there be further decline after the support is broken?
Necessary levels for shares of Nestle
Current Price: ₹ 2,148
Downside Risk: 22.3%
Support Level: ₹ 2,137 | ₹ 2,072 | ₹ 2,033 | ₹ 1,880 | ₹ 1,790
Resistance Level: ₹ 2,250 | ₹ 2,315 | ₹ 2,417
If the stock of Nestle remains above ₹ 2,137, it can show recovery up to ₹ 2,200- ₹ 2,250. But if it goes below the support level of ₹ 2,033, it could fall directly to ₹ 1,880 and ₹ 1,790. In the worst condition it can fall to ₹ 1,670.
According to the long-term chart, it will not be strengthened until the stock goes above ₹ 2,417. That is, if you want a big benefit, then it will be necessary to see this stock going above ₹ 2,417.