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Nestle India

Nestl? India Limited manufactures and exports food products in India and internationally.

Industry: Packaged Foods

Ticker Exchange ISIN Name
$NESTLEIND BSE INE239A01016 Code: 500790
$NESTLEIND NSE INE239A01016

Twit about NESTLEIND stock

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Latest twits on Nestle India (NESTLEIND)

Meera Sharma 12:00 PM 26-10-2020

$NESTLEIND @Marichi-Sanyal the company is showing fantastic results, but the stock is already expensive!

Motilal Oswal has given a #neutral rating to Nestle India with a target price of Rs 16,440.

Current valuations of 64.9x CY21E EPS and 55.9x CY22E EPS appear to completely factor in upside for the next year. He values the company at 60x Sep’22E EPS to arrive at TP of INR16,440.



5

Marichi Sanyal 11:20 AM 26-10-2020

$NESTLEIND #bullish results
Nestle reported total sales of Rs 3,525 crore, a growth of 10.2%. Profit for the quarter declined to Rs 587 crore, from Rs 595.3 crore in the year-ago period (-1.4%).

“We continued our strong performance in the e‐commerce channels, which grew by 97 per cent and now contributes about 4 per cent of domestic sales,”

Probably these results are already in the stock price in April - investors anticipated positive dynamic due work from home. Then the stock declined a bit - now time to #buy again