Nestle India, the leading nutrition, health and wellness company, witnessed a rise in share price on Tuesday after the Bombay High Court allowed the company to export Maggi noodles, but currently banned in Maharashtra and other states. The next hearing will be held on July 14.
''As the matter is sub-judice we cannot make further comment on the case at this stage. We await the official order from the court,'' the company said in a statement.
Shares of Nestle India are trading at Rs 6,270, up Rs 203.5, or 3.35% at the Bombay Stock Exchange (BSE) on Tuesday at 2:20 p.m.
The scrip has touched an intra-day high of Rs 6,300 and low of Rs 6,032. The total volume of shares traded at the BSE is 27,438.
