Nestle India Ltd
NESTLEIND

6,419.95

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

6,428.20

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Reduce
Reco. Price
Rs 6332.00

Last updated on 21-Sep-2016

We recommend reduce on account of slower sales and low probability of margin expansion. This will be due to slower demand pick up and all time high gross margins. The stock is expensive, trading at ~50x CY16E P/E compared to FMCG industry average of ~45x CY16E P/E. (Target Price: Rs. 6250)
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50 DMA (.)
6,692.35
100 DMA (.)
6,508.69
200 DMA (.)
6,017.34
Weekly Range (.)
6,225.40
6,525.00
Monthly Range (.)
6,200.00
6,725.00
52 Weeks Range (.)
4,981.00
7,369.00
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