NSE seeks clarification from Nestle India on FSSAI baby formula news

NESTLEIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹1364.90

prior close

₹1360.00

announcement price

After-mkt

timing

Nifty 100market+0.3%+1.6% vs market

Packaged Foods peers, median of 34sector+0.2%+1.6% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty 100 and 1.6 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.8

15m

+1.0

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8+0.3+1.6+0.2+1.6

Next day

+0.1-0.1+0.2+0.0+0.1

+1.3+0.5+0.9+0.3+1.0

-0.9-1.2+0.2-0.1-0.8

-0.2-0.8+0.6-1.0+0.8

-1.4-2.4+1.0-1.0-0.4

-4.0-3.1-0.9-1.1-3.0

15d

-3.3-3.0-0.3-4.9+1.6

-10.3-3.0-7.3-7.4-2.9

—————

UpDownMarket · Nifty 100Sector · Packaged Foods peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The stock exchange asked Nestle India to clarify a news report saying FSSAI has started legal action against the company over its baby formula products. The news pushed Nestle India shares down about 2%. The company's response is awaited.

Likely market impact

Negative news flow; share price may stay volatile until company responds with clarification.