Book partial profit in Nestle, says Hemen Kapadia

Hemen Kapadia of KR Choksey Securities told CNBC-TV18, "Nestle continues to remain in long-term uptrend. For safety sake if someone wants to book some partial profits it is fine. However, even now Nestle continues to remain in a long-term uptrend. This reversal will take time to get confirmed technically, so may be little bit of partial profit booking, otherwise hold for the rest."

At 14:54 hrs Nestle India was quoting at Rs 6,294, up Rs 153.60, or 2.50 percent. It has touched an intraday high of Rs 6,375.45 and an intraday low of Rs 6,250.10.