Morning Trade: Nestlé India Shares up 2.35% Despite Broader Market Selloff

Mumbai, April 22: Nestlé India is another stock that defied the carnage in broader markets to open with a green bias on Wednesday morning following Tuesday’s results-driven rally.

As of 9:40 am on Wednesday, the stock is trading in the ₹1,412–₹1,413 range after opening at ₹1,391 in the pre-market session, marking a gain of around 2.35% on Tuesday’s closing price of ₹1,379.90. The stock has clearly shrugged off intraday weakness after the news-driven spike on Tuesday, attracting buyers at lower levels throughout the session and continuing to climb despite minor corrections — investors seem to have marked Tuesday’s closing price as a “buying opportunity.” Nestle’s gains come even as the Sensex dropped by around 550 points in Wednesday’s morning session. Viewed in this light, Nestle has clearly been one of the best performers so far today.

Morning Trade

As can be seen in the chart below, Nestlé India gapped up at the open on Wednesday. Between 9 and 9:15 am, the stock moved up steadily from around ₹1,383 to open at ₹1,391. At 9:15 am when exchanges opened for the day, the stock surged to an intraday high of around ₹1,419–₹1,420, before correcting violently to about ₹1,401 at around 9:30 am. While the sell-off was fairly intense, this sort of quick down-move in a stock that is showing strength is usually healthy since it helps flush out short-term traders looking to bank their profits.
From the ₹1,401 level, Nestle climbed through ₹1,407–₹1,413 where it was trading around 9:40 am and remained steady in that range through 10:15 am, even touching a secondary intraday high of around ₹1,422 at around 10 am. This sort of activity indicates that demand continues to outstrip supply near current levels.

5-Day Chart

The chart below showcases Nestle’s stellar price action over the last five trading sessions. Nestle India traded sideways around ₹1,256 on April 15 and again at ₹1,257 on April 16, before jumping to around ₹1,285 on April 17 on positive pre-results sentiment. It maintained those levels through April 20, before breaking out sharply on Tuesday to close at around ₹1,393, marking a 5-day return of nearly 11%.

Monthly Chart

On the monthly chart, Nestle India started around ₹1,168 around March 23 before touching ₹1,175 around March 30. From thereon it began a gradual uptrend, moving past ₹1,200 in early April, hitting ₹1,220 on April 7, ₹1,250 on April 10, and ₹1,285 on April 17, before today’s results-driven rally to ₹1,393. On a one-month basis, Nestle has returned 18.28% compared to Nifty 50’s 0.59% gain, making it one of the top large-cap performers over the past month.

Order Book

The order book as of this writing shows a slight bias toward sellers, with 55.73% of the order book on the ask side consisting of sells (3,43,080 shares) and 44.27% on the bid side consisting of buys (2,72,509 shares). This sort of distribution is quite common for stocks consolidating near a fresh high after a quick gap-up move.
Bid prices were contained to a tight range between ₹1,412.40 and ₹1,412.80 across the five bid levels, while ask prices ranged from ₹1,413.40 to ₹1,414.00. This represents a spread of less than ₹2 between bid and ask prices, reflecting strong liquidity.

Over the past week, Nestle India has returned 12.35%. On a one-year, three-year, and 5-year basis, the stock has returned 17.29%, 37.76%, and 68.17% respectively. Compare that with the Nifty 50, which has returned 0.59%, 0.85%, 38.30% and 69.19% over the respective timeframes, and it will come as no surprise that Nestle’s stock has matched or outperformed market returns at each snapshot in time.

Tuesday Result

For Q4FY26, Nestlé India reported its highest quarterly net profit in nine years at ₹1,110.90 crore — a rise of 27.2% year-on-year from ₹873.46 crore driven by the highest ever domestic quarterly sales of ₹6,445 crore on the back of double-digit volume growth. Total income grew by 22.7% to ₹6,766.24 crore while EBITDA rose by 27.6% to ₹1,771.60 crore at a margin of 26.3%.

For the full-year, consolidated net sales increased by 14.5% to ₹23,194.95 crore, while net profit increased by 9.1% to ₹3,499.08 crore. EBITDA grew by 11.2% to ₹5,306.06 crore. Basic earnings per share stood at ₹18.15 for the year, up from ₹16.63 reported in the previous year. The company’s board has recommended a final dividend of ₹5 per share for FY26. The record date for the final dividend is July 10, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/NESTLEIND/Nestle-India-Limited