{
}
Nestle India has been downgraded to a 'Sell' rating by MarketsMojo following flat Q2 FY24-25 results, with a ROCE of 100.39% and cash equivalents at Rs 140.54 crore. The stock has underperformed the BSE 500 index, returning -12.99% over the past year, amid challenges in asset management reflected by a low Debtors Turnover Ratio of 57.85 times. Despite a strong ROE of 79.6, the stock's valuation appears high with a Price to Book Value ratio of 53.6, while it maintains a low Debt to Equity ratio of 0.01 times.
Phillip Securities has initiated coverage on Nestle India Ltd with a Neutral rating, highlighting the company's potential to benefit from rising per-capita income and a strong product range. However, near-term risks from a slowdown in urban consumption, particularly in the milk and nutrition segments, warrant caution. The price target is set at INR 2,410.00, reflecting a two-year forward PE ratio of 58 times, in line with the company's five-year average.
Nestle India Ltd has recorded gains for the third consecutive session, reflecting a positive trend in its stock performance. This development highlights the company's resilience and potential growth in the market as of January 9, 2025.
Indian equity markets closed lower on January 3, with the Sensex dropping 720.60 points to 79,223.11 and the Nifty falling 184 points to 24,004.75. Tata Motors and Nestle India were the top gainers, while Zomato and HDFC Bank led the losses. Market sentiment remains cautious amid concerns over slowing growth and foreign fund outflows.
Nestle India has hit a 52-week low, closing at Rs 2,147 on December 23, 2024, reflecting a 14.87% decline over the past year. The stock is trading below its moving averages and has underperformed its sector by 0.32%, indicating a challenging market environment. Analysts have categorized the stock call from MarketsMOJO as 'Sell,' highlighting ongoing concerns in the FMCG sector.
Nestle India is set to announce its Q3 results for FY 2024-25 on January 31, 2025, before 3.30 pm. The company reported a consolidated net profit of Rs 899.4 crore in Q2 FY25, a slight decline from the previous year, with revenue increasing by 1.3% to Rs 5,074.76 crore. The trading window for its shares will be closed from January 1 to February 2, 2025.
The Indian stock market experienced a significant downturn, with the Sensex closing at 78,041.59, down 1.49%, and the Nifty at 23,587.50, down 1.52%. All sectoral indices fell, particularly the realty index, which dropped by 4%, contributing to a market capitalization loss exceeding ₹19 lakh crore. This marked the largest decline in two years, with both Nifty and Sensex falling over 4%.
Nestle India has hit a 52-week low of Rs. 2147 on December 20, 2024, reflecting a 4.42% decline over the past five days and a 13.81% drop over the year. The stock is underperforming its sector by 0.71% and is trading below all major moving averages, indicating a bearish trend.
Airtel, Nestle India, Mazagon Dock, IndiGo, Exide, and Hyundai are among the key stocks to monitor ahead of Friday's trading session. Additionally, International Gemmological Institution Ltd. will attract attention as it makes its market debut on the same day.
Nestlé India has assured stakeholders that Switzerland's suspension of the Most Favoured Nation (MFN) status will not impact its operations, as the company already deducts a 10% withholding tax on cross-border payments. The issue is a government-to-government matter, stemming from a Supreme Court ruling related to the MFN clause in the Double Taxation Avoidance Agreement. Nestlé India continues to invest significantly in the Indian market, reporting a revenue of Rs 24,393.9 crore for the financial year 2023-24.
Nestlé India Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
nestle india faces stock downgrade after flat q2 results for fy24-25
14:17 14.01.2025
Phillip Securities assigns neutral rating to Nestle India amid urban consumption risks
14:00 14.01.2025
Nestle India Ltd records third consecutive day of gains
08:35 09.01.2025
Indian markets decline as Tata Motors and Nestle India shine among gainers
Apollo Hospitals Enterprise Limited
Godrej Properties Limited
HDFC Bank Ltd
Zomato Limited
Nestlé India Limited
Tata Motors FUT, January 2025,
Yes Bank Limited
SBI Life Insurance Company Limited
Wipro Ltd
CIPLA LTD
CGN POWER
Tech Mahindra Limited
Aurobindo Pharma Limited
Polycab India Limited
KPIT Technologies Limited
IND
Prashanth Tapse
Donald Trump
Show more
11:40 03.01.2025
nestle india stock hits 52 week low amid declining performance
11:27 23.12.2024
nestle india to announce q3 results on january 31 2025
09:59 21.12.2024
Indian stock market suffers largest drop in two years as indices plunge
Indian Rupee
Nestlé India Limited
Axis Bank Ltd
ICICI Bank Ltd
IndusInd Bank FUT, December 202
Tech Mahindra FUT, December 202
IND
Show more
11:46 20.12.2024
Nestle India stock hits 52-week low amid market challenges
05:05 20.12.2024
stocks to watch airtel nestle mazagon dock indigo and exide
Mazagon Dock Shipbuilders Ltd.
Nestlé India Limited
Exide Industries Limited
Bharti Airtel Ltd.
InterGlobe Aviation Limited
IND
Show more
21:00 19.12.2024
Nestle India assures no impact from Swiss MFN status suspension
11:08 19.12.2024
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Retail and Consumer Goods
Global Trade Developments
Supply Chain Management
Stock Market Updates
Government Economic Policies
Industry Mergers & Acquisitions
Private Equity Deals
Fintech Startups
Energy Sector Developments
AI Applications
Funding Rounds & Investments
Venture Capital Investments
AI Innovations
Emerging Startups
CEO Changes
Inflation and Monetary Impact
IPOs & SPACs
Countries:
Companies:
Apple Inc.
Google Inc.
Tesmec S.p.A.
Amazon.com, Inc.
Microsoft Corporation
Mastercard Inc
NVIDIA Corp
Tesla, Inc.
OpenAI ERC USD
The Goldman Sachs Group, Inc.
Visa Inc.
SWIGGY LIMITED
GLOE Inc.
Ripple USD USD
NAURA Technology Group Co., Ltd.
OLA ELECTRIC MOBILITY LTD
Microsoft Corp
Micron Technology, Inc.
Foxconn Technology Co., Ltd.
SAP SE
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
United Arab Emirates Dirham
Japanese Yen
British Pound Sterling
Saudi Riyal
New Zealand Dollar
Qatari Riyal
Thai Baht
Vietnamese Đồng
Canadian Dollar
Indonesian Rupiah
South Korean Won
Malaysian Ringgit
Brazilian Real
Swiss Franc
Bangladeshi Taka
Kuwaiti Dinar
People: