Add Nestle India, target price Rs 2,600: HDFC Securities
HDFC Securities has an add call on Nestle India with a target price of Rs 2,600. The current market price of Nestle India Ltd. is Rs 2349.5. Nestle India Ltd., incorporated in 1959, is a largecap company (having a market cap of Rs 225463.33 crore) operating in FMCG sector.
Nestle India Ltd. key products/revenue segments include milk products, prepared dishes & cooking aids, confectionery, beverages (powdered), export incentives, other operating Revenue for the year ending 31-Mar-2024.
Financials
For the quarter ended 30-09-2024, the company has reported a Standalone total income of Rs 5110.86 crore, up 5.31% from last quarter’s total income of Rs 4853.07 crore and up 0.80 % from last year same quarter’s total income of Rs 5070.09…
