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Buy Nestle India, price target Rs 16,200: Shubham Aggarwal

The analyst suggested a stoploss at Rs 15175 .

ETMarkets.com|
Last Updated: Jan 24, 2020, 08.46 AM IST
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Shubham Aggarwal of Quantsapp Advisory has a buy call on Nestle India Ltd. with a target price of Rs 16200.0 . The current price of Nestle India Ltd. is Rs 15554.65 Time period given by the analyst is Intra Day when Nestle India Ltd. price can reach defined target. . Shubham Aggarwal recommended to keep a stoploss at Rs 15175 .

Nestle India Ltd., incorporated in 1959, has a market cap of Rs 149971.27 crore. Nestle India Ltd. key Products/Revenue Segments include Milk Products which contributed Rs 5187.63 Crore to Sales Value (45.93 % of Total Sales), Prepared Dishes & Cooking aids which contributed Rs 3105.25 Crore to Sales Value (27.49 % of Total Sales), Beverages (Powdered) which contributed Rs 1522.61 Crore to Sales Value (13.48 % of Total Sales), Confectionery which contributed Rs 1400.74 Crore to Sales Value (12.40 % of Total Sales), Export Incentives which contributed Rs 55.82 Crore to Sales Value (0.49 % of Total Sales), Other Operating Revenue which contributed Rs 20.22 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Dec-2018.

For the quarter ended 30-09-2019, the company has reported a Standalone sales of Rs 3199.31 Crore, up 7.26 % from last quarter Sales of Rs 2982.83 Crore and up 9.49 % from last year same quarter Sales of Rs 2921.99 Crore Company has reported net profit after tax of Rs 595.41 Crore in latest quarter.

The company’s top management includes Dr.Rakesh Mohan, Dr.Swati A Piramal, Mr.Martin Roemkens, Mr.Rajya Vardhan Kanoria, Mr.Shobinder Duggal, Mr.Suresh Narayanan, Ms.Rama Bijapurkar, Ms.Roopa Kudva. Company has B S R & Co. LLP as its auditors. As on 31-12-2019, the company has a total of 96,415,716 shares outstanding.

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