WEB Axis Securities Buy Call on Nestle India Ltd
Target Price: Rs 2800
Nestle India Ltd is a food and beverage company. It is a subsidiary of Nestle S.A., the world's largest food and beverage company. Nestle India's product portfolio includes a wide range of products, including infant food, milk products, chocolates, confectionery, and beverages.
WEB Axis Securities has a buy call on Nestle India Ltd with a target price of Rs 2800. The brokerage firm believes that the company's strong brand portfolio, wide distribution network, and focus on innovation will continue to drive its growth in the coming years.
Key Investment Highlights
- Strong brand portfolio, including iconic brands such as Maggi, Nescafe, and KitKat
- Wide distribution network, reaching over 1 million retail outlets across India
- Focus on innovation, with a dedicated R&D center in India
- Healthy financial performance, with strong revenue and profit growth in recent years
Risks
- Intense competition from both domestic and international players
- Dependence on raw material prices
- Regulatory changes
Conclusion
WEB Axis Securities believes that Nestle India Ltd is a good investment for long-term investors. The company's strong brand portfolio, wide distribution network, and focus on innovation will continue to drive its growth in the coming years. Investors should consider buying the stock at current levels.
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