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Nestle India Share Price News: Nestle India Shares Fall After March Quarter Earnings

Nestle India reported net profit of Rs 602 crore.
Shares of the popular Maggi noodle maker - Nestle India - fell as much as 1.73 per cent to hit an intraday low of Rs 16,799 on the National Stock Exchange after it reported March quarter earnings post market hours on Tuesday. On the BSE, Nestle India shares declined as much as 1.67 per cent to hit an intraday low of Rs 16,800.
Nestle India reported net profit of Rs 602 crore on Tuesday, April 20, registering a growth of 14.6 per cent in the January-March quarter from Rs 525 crore during the same period last year. Nestle India reported double-digit domestic sales growth in the quarter ending March 2021 at 10.2 per cent, while overall sales grew by 8.9 per cent to Rs 3,600 crore. ....

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Nestle share price drops 5% post Q3 earnings; top loser on BSE

Nestle share price drops 5% post Q3 earnings; top loser on BSE
Nestle share price has fallen 2.44% in one week and 6.28% in a month. Year-to-date, the stock is down 8.9%
BusinessToday.In | February 17, 2021 | Updated 12:39 IST
The market capitalisation of the FMCG major stood at Rs 1,61,532.48 crore
Shares of Nestle India traded as the top loser in the Sensex pack, falling over 5% after the FMCG major reported 2.25% YoY rise in its net profit for the quarter ended December to Rs 483.3 crore, as against Rs 472.64 crore in the corresponding quarter of the previous fiscal.
Following the result update, shares of the most consistent Sensex performers from FMCG category opened at day s high of Rs 16,900 and fell 5.01% to hit an intraday low of Rs 16,360 on BSE. ....

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Nestle share price: Nestle India tanks 5% on unexciting Q3 nos. Here's what brokerages said

NEW DELHI: Shares of
Nestle India tanked 5 per cent in Wednesday s trade after a host of brokerages changed their stance on the stock following a less-than-expected December quarter results.
Foreign brokerage JP Morgan downgraded the stock to Neutral from Overweight on unexciting December quarter results while also lowering margin expectations. This brokerage sees the stock at Rs 17,700. Credit Suisse has downgraded the scrip to Neutral and has a target of Rs 17,800 on it. Jefferies also has downgraded the stock to Hold with a target of Rs 19,000. CLSA has retained its outperform rating on Nestle but has reduced its target to Rs 19,000 from Rs 19,400 earlier. HSBC, meanwhile, has maintained its buy call on the stock with a target of Rs 20,000. The stock fell 5 per cent to hit a low of Rs 16,360 on BSE. ....

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