On October 26th after the results were out of the September earnings price was increased by 2 per cent for the company Nestle.
Because of the lockdown, there was a bad effect on the business and the company and because of that in the June quarter, there was not that much of the earnings.
Let’s see what brokerages have to say:
Sharekhan: The biggest advantage for the company is that they are such a good brand name which will help in the difficult time to maintain business.
It is also the largest company so there is a high chance of gaining profit.
Motilal Oswal: Nestle is always promising and showing good results.
However, there was a decrease of 3-4 per cent EPS forecast from a couple of years.
ICICI Direct: We strongly believe that there will a good growth and the sales will automatically increase.
If there will something new to be launched or some improvements will happen.
Prabhudas Lilladher: They believe that Nestle should also invest in the nutrition business as there will be more profit for the company and the business will grow.
HSBC: They said that the reputation of the company is very good in every sector they are dealing in.
Check all Recent News Updates Here
|Today’s News Update|