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Tag: Nestle Share

NestleIndia Stock Suffered 3% Fall For Popular 2 Minutes Maggi

[Mumbai]Nestle India Stock Suffered 3% Fall on mounting trouble for its popular 2 Minutes Maggi
Extending its downtrend for the second straight session today, stock of Nestle India fell by nearly 3% on mounting trouble for its popular Maggi noodles brand over concerns related to its safety standards.
The stock fell by 2.91 %to settle at Rs 6,010.80 on the BSE. During the day, it slipped 6.31 % to Rs 5,800.10.On the NSE, the stock ended with a loss of 2.94 %at Rs 6,004.45.
In yesterday’s session, the stock had lost nine per cent.
The company’s market valuation has dipped Rs 7,680.44 crore to Rs 57,953.56 crore in two consecutive trading sessions.
Maggi noodles was yesterday banned in Delhi for 15 days, while its sale was stopped in Big Bazaar outlets even as more states ordered testing of its samples.
As food safety concerns over the two-minute Maggi noodles rose, the Centre filed a written complaint before the National Consumer Disputes Redressal Commission (NCDRC) against the Indian arm of the Swiss multinational for alleged violations of safety standards.
The Indian Army issued an advisory yesterday asking its personnel not to consume Maggi noodles and directed its canteen to set aside the existing stock till further orders. This Product Is Banned In Gujrat +Uttraakhand+ Big Bazaar outlets+Walmart.Stores+Army CSD Canteens Also