Ahead of the court decision, Nestle India stock fell 5 percent in last three sessions

Shares of Nestle India snapped three-session fall to trade nearly 4 percent higher after the Bombay High Court revoked ban on sale of its popular 2-minute Maggi noodles, which was imposed by the food safety regulator FSSAI in June after sample tests allegedly showed high lead content.

At 12.30 pm, Nestle India shares were traded at Rs 6,402, up 3.5 percent from the previous close. Earlier, the stock rose nearly 6 percent to touch a high of Rs 6,545 before trimming some gains post the court decision.

However, the Bombay HC, while setting aside the FSSAI order, said the company will not be able to make or sell its instant noodles for next six weeks during which three labs will conduct the tests of five samples of each batch.

Ahead of the court decision, Nestle India stock fell 5 percent in last three sessions, with the weak broad market sentiment partly contributing to the overall slide in the counter. For the month, the stock eased 2.4 percent due to the ongoing uncertainty over the ban on its famous noodle brand.

As per the FSSAI findings, 30 out of 72 samples of the popular Maggi noodles had tested positive for containing excessive levels of lead and even MSG.

However, the US, the UK and Singapore in their respective tests in recent months have found that India-made Maggi noodles were safe to consume as the lead content was in permissible limits.