Nestle India’s shares plunged 5.4% on Thursday to Rs 2,409.55 on BSE, following revelations of adding sugar to baby food in India but not in Europe or the UK. The health ministry expressed concern. This marked Nestle’s worst single-day drop in 3 years.
HUL, Asian Paints see biggest drop in promoter holdings in Q4. Here are other top names
Promoters decreasing their shareholding is sometimes considered negative for the stock as it shows that the promoters don’t believe in the company’s future.