Business & Investment

Nestlé Stock Price: Nestlé India Holding, Target Price Rs 19500: ICICI Securities

ICICI Securities is calling India with a target price of Rs 19,500. Nestle India Ltd. The current market price for is 19120.45 rupees.

The period specified by the analyst is Nestle India Ltd. It is a year in which the price of is able to reach the defined target.

Founded in 1959, Nestle India Ltd. is a large equity company (market capitalization 184455.32 rupees) operated in the FMCG sector.



Nestle India Ltd.’s key product / revenue segments include dairy products, cooked and cookware, confectionery, beverages (powder), export incentives, and other operating revenues for the year ending December 31, 2020. included.

Finance

According to the company’s report for the quarter ending September 30, 2021, total stand-alone revenue was 3196.23 rupees, total revenue for the previous quarter increased 11.70% from 3506.17 rupees, and total revenue for the same period last year was 9.51 from 3576.17 rupees. % Increased. The company reported net income after tax of 617.37 rupees in the last quarter.

Promoter / FII Holdings
The promoter held a 62.76% stake in the company as of September 30, 2021, with FII owning 12.31% and DII holding 8.0%.

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Nestlé Stock Price: Nestlé India Holding, Target Price Rs 19500: ICICI Securities

https://economictimes.indiatimes.com/markets/stocks/recos/hold-nestle-india-target-price-rs-19500-icici-securities/articleshow/88424708.cms Nestlé Stock Price: Nestlé India Holding, Target Price Rs 19500: ICICI Securities

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