The Stocks of Nestle India hit the 52-week low on Monday when its share price declined by -2.85%. Nestle India Limited is a subsidiary of Nestle, a Swiss MNC, and operates in the Food segment. It is a large-cap company with a market cap of Rs 159,246.95 Cr.
The stock is currently trading at a share price of Rs 16,512.7 with a 52-week low of Rs 16,450.40. Nestle India shares have plunged by -16.09% so far in 2022 YTD.
Nestle India manufactures products under brand names such as Nescafe, Maggi, Milkybar, Milo, Kit Kat, Bar-One, Milkmaid, Nestea, Nestle Everyday Dairy Whitener, Nestle Everyday Ghee, Nestle Milk, Nestle Slim Milk, and Nestle Dahi and many more dairy and nutrition products. As of Dec 2021, the parent company holds a 62.76% stake in the company.
Nestle India has been a multi-bagger stock in the long term by giving a return of 2.4x or 146.41 % in the last five years.
ICICI Direct has given a ‘Hold’ call on Nestle India with a target price of Rs 19,050. The time period given by the analyst is one year when Nestle India Ltd.’s price can reach the defined target. Geojit PNB Paribas has also provided a ‘Hold’ call on Nestle India with the target price of Rs 19,380.00.
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