Nestle India faces growth vs valuation debate
pre-market1 source ↓written by the desknot a recommendation
- Despite
- 25% revenue growth
- 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 strong earnings for the June quarter. Despite a 25% revenue growth, analysts are divided on the stock's valuation. Citi maintained a Buy rating, raising its price target to ₹1,750, suggesting a 17% upside from the previous close of ₹1,493.60.
The ongoing debate among 40 analysts reflects concerns over valuation despite solid performance, impacting market sentiment.
Not investment advice. For informational purposes only.