Nestle India faces growth vs valuation debate
after close1 source ↓written by the desknot a recommendation
- Despite
- 25% revenue growth
- 49% net profit increase
- price target
- ₹1,750
- from the previous
- 17% upside
- previous close
- ₹1,493.60
Shares of Nestle India fell over 2% on 23 July after reporting better-than-expected earnings for Q2. Despite a 25% revenue growth and 49% net profit increase, analysts are divided on the stock's valuation. Citi maintains a "Buy" rating, raising the price target to ₹1,750, suggesting a 17% upside from the previous close of ₹1,493.60.
Not investment advice. For informational purposes only.