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Indiabulls shares plunge; Nestle touches 52-week high
Economy

Indiabulls shares plunge; Nestle touches 52-week high

Agency News

Mumbai, 29 Aug, 2019: Indiabulls Housing Finance shares plunged by more than8% on Thursday to hit the day’s low at Rs 420.80 on NSE.

Indiabulls Housing Finance shares have corrected by more than 60% from their 52-week high levels of Rs 1,298.80 hit on August 28th last year. Meanwhile, Nestle India shares soared to a fresh 52-week high of Rs 12,887.

FMCG major Nestle India will replace the NBFC stock, Indiabulls, in the leading gauge effective September 27, 2019. The replacement is also applicable to Nifty50 Equal Weight Index, according to NSE. Notably, the Nifty is reconstituted twice a year.