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Buy Nestle India, price target Rs 16,300: Chandan Taparia

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Chandan Taparia of Motilal Oswal Securities has a buy call on Nestle India Ltd.

with a target price of Rs 16300.0 .

The current price of Nestle India Ltd.

is Rs 15441.35 .

Chandan Taparia recommended to keep a stoploss at Rs 15000 .

Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 148878.88 Crore) operating in FMCG sector.

Nestle India Ltd.

key Products/Revenue Segments include Milk Products which contributed Rs 5187.63 Crore to Sales Value (45.93 % of Total Sales), Prepared Dishes - Cooking aids which contributed Rs 3105.25 Crore to Sales Value (27.49 % of Total Sales), Beverages (Powdered) which contributed Rs 1522.61 Crore to Sales Value (13.48 % of Total Sales), Confectionery which contributed Rs 1400.74 Crore to Sales Value (12.40 % of Total Sales), Export Incentives which contributed Rs 55.82 Crore to Sales Value (0.49 % of Total Sales), Other Operating Revenue which contributed Rs 20.22 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Dec-2018.

For the quarter ended 30-09-2019, the company has reported a Standalone sales of Rs 3199.31 Crore, up 7.26 % from last quarter Sales of Rs 2982.83 Crore and up 9.49 % from last year same quarter Sales of Rs 2921.99 Crore Company has reported net profit after tax of Rs 595.41 Crore in latest quarter.

The company’s top management includes Dr.Rakesh Mohan, Dr.Swati A Piramal, Mr.Martin Roemkens, Mr.Rajya Vardhan Kanoria, Mr.Shobinder Duggal, Mr.Suresh Narayanan, Ms.Rama Bijapurkar, Ms.Roopa Kudva.

Company has B S R - Co.

LLP as its auditoRs As on 31-12-2019, the company has a total of 96,415,716 shares outstanding.




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