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Buy Nestle India, target Rs 10650: manasjaiswal.com

Buy Nestle India Ltd. at a price target of Rs 10650.0 and a stoploss at Rs 9900 from entry point.

ETMarkets.com|
Updated: Nov 01, 2018, 09.02 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on Nestle India Ltd. with a target price of Rs 10650. The current market price of Nestle India Ltd. is Rs 10122.1. Time period given by the analyst is Intra Day when Nestle India Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 9900. Nestle India Ltd., incorporated in 1959, is a largecap company with a market cap of Rs 97592.95 crore.

Nestle India Ltd. key Products/Revenue Segments include Milk Products which contributed Rs 4819.63 Crore to Sales Value (47.28 % of Total Sales), Prepared Dishes & Cooking aids which contributed Rs 2707.14 Crore to Sales Value (26.56 % of Total Sales), Beverages (Powdered) which contributed Rs 1386.99 Crore to Sales Value (13.60 % of Total Sales), Confectionery which contributed Rs 1221.35 Crore to Sales Value (11.98 % of Total Sales), Export Incentives which contributed Rs 39.54 Crore to Sales Value (0.38 % of Total Sales), Other Operating Revenue which contributed Rs 17.53 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Dec-2017.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 2921.99 Crore, up 9.09 % from last quarter Sales of Rs 2678.57 Crore and up 16.85 % from last year same quarter Sales of Rs 2500.67 Crore Company has reported net profit after tax of Rs 446.11 Crore in latest quarter. The company’s top management includes Dr.Rakesh Mohan, Dr.Swati A Piramal, Mr.Ashok Kumar Mahindra, Mr.Martin Roemkens, Mr.Rajya Vardhan Kanoria, Mr.Shobinder Duggal, Mr.Suresh Narayanan, Ms.Rama Bijapurkar. Company has B S R & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 96,415,716 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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