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.
The FMCG majors gross margin and operating margin are likely to expand both YoY and sequentially, on the back of softer raw material prices, price hikes, and operating leverage benefits. Nestlé India is scheduled to release its earnings on Thursday.