Recommended by Motilal Oswal Apr 2021 research report.
Neutral rating on nestle india. Target price of Rs 18,300.
Nestle India – Target Rs 18,300
Nestle ( NEST ) in its annual report highlights its underlying strenghts.
One of the strongest topline growth opportunites in the Indian consumer universe.
In Covid-lockdown Nestle india reported 10-10 percent sales growth in three quarter CY20.
11.8% growth in prepared dishes , 6.7% YoY sales growth in the chocolates and confectionary sesegment.