Bajaj Finance, Nestle India, Vedanta, Tech Mahindra, IndusInd Bank, L&T Technology and ACC will announce the results for March 2024 quarter later today.
Nestle India Results: The revenue from operations stood at Rs 5,268 crore, 9% higher compared to Rs 4,830 crore reported by the company in the year-ago period. The Board has also recommended a final dividend of Rs 8.5 per share for the financial year 2023-24.
Nestle Share Price: 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.