Nestle is a strong candidate for Breakout. Nestle India Ltd. engages in the manufacture and sale of food products. The firm offers beverages; breakfast cereals; chocolates and confectionery; dairy; nutrition; foods; vending and food services; imports; exports; and Nestle ad campaigns brands. It operates through the India and Outside India geographical segments.
Nestle India CMP is 2508.50. The positive aspects of the company are Company with Low Debt, Annual Net Profits improving for last 2 years, Dividend yield greater than sector dividend yield, FII / FPI or Institutions increasing their shareholding AND Company with Zero Promoter Pledge. The Negative aspects of the company are High PE (PE=74.5), MFs decreased their shareholding last quarter AND Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 2529. Targets in the stock will be 2560, 2603, 2626 AND 2649. The long-term target in the stock will be 2692, 2715 and 2760. Stop loss in the stock should be maintained at Closing below 2400. Nestle can be considered as a Portfolio stock due to its strong moat and near monopoly business.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
