Nestle India shares slip after reports suggest baby-food brands sold in India contain high levels of added sugar
Nestle share price: At around 12:22 p.m., shares of Nestle India traded 3.46 per cent or Rs 88.2, lower at Rs 2458.95 apiece. The market capitalisation of the company at around the same time stood at Rs 2,36,936.8 crore.
Nestle share price: Shares of Maggi maker Nestle slipped over 3 per cent in Thursday's trade on BSE. The selling pressure can be attributed to reports suggesting that baby-food brands sold by global giant Nestle in India contain high levels of added sugar, while such products are sugar-free in the United Kingdom, Germany Switzerland, and other developed nations, an investigation by Public Eye, a Swiss organisation and the International Baby Food Action Network (IBFAN) has revealed.
At around 12:22 p.m., shares of Nestle India traded 3.46 per cent or Rs 88.2, lower at Rs 2458.95 apiece. The market capitalisation of the company at around the same time stood at Rs 2,36,936.8 crore.
Nestle adds sugar to baby food sold in India but not in Europe
Nestle India share price: Past performance
In a year, Nestle shares have lost over 18 per cent against Nifty50's rise of over 25 per cent.
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