Nestle India Ltd.

NSE: NESTLEIND | BSE: 500790 | ISIN: INE239A01016 |Industry: Packaged Foods
|Expensive Performer
16761.35 43.75 (0.26%)
NSE May 07, 2021 15:31 PM
Volume: 37,666

Nestle India Ltd.    
22 Apr 2021
Axis Direct
However, in light of emerging RM headwinds (packaging material and commodities like palm oil), we tweak our estimates a shade resulting in a downgrade to HOLD from BUY earlier. However, we maintain a TP of Rs 18,600 as we continue to value the stock at 60x its CY22E EPS.
Nestle India Ltd. is trading below it's 30 day SMA of 16883.9
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