Nestle India shares fell over 2% to the day’s low of Rs 2,447 on the NSE in Monday’s trade amid selling pressure in most FMCG stocks with the Nifty FMCG index as the worst-performing index. However, brokerages Citi and Nuvama remain optimistic about the stock’s prospects, each recommending a ‘Buy’. Meanwhile, Motilal Oswal held a neutral rating calling valuations on the higher side.
| Subscribe To Our Free Newsletter |
