of Nestle India touched an intraday high level at Rs.10,509 per share about 3pc higher during mid-morning trade on
NSE on Wednesday, after the company reported a 9.25pc rise in profit at Rs.463.28crore
for the quarter ended March 31, 2019.
Sales rose by 9pc, Indian Sales increased by 10.2pc aided by volumes while
Export Sales declined by 8.9pc.
global brokerage CLSA maintained its outperform view on Nestle stock with an
unchanged target price (TP) of Rs11,750,
while Citi maintained its BUY rating on
the stock with a TP of Rs 12,480 per share.
around 11.10am, shares of Nestle traded 1.87pc up at Rs 10,389.30 on NSE. The stock touched an intraday high and low of
Rs. 10,509 and 10240 per share.
Meantime, BSE Sensex traded higher at 37516-level up by 197 points and NSE Nifty traded at 11268, up over 45 points.
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