FSSAI Cracks Down On Nestle India Over Infant Formula Products; Flags Claims In NAN Excella Pro, Lactogen Pro
Nestle India flagged a risk.
· NDTV Profit
According to the FSSAI notice, the authority examined promotional material for the products and flagged claims including "5 HMOs" and "Whey Protein".
The analysis
Against that, the stock is -0.6% on the day at ₹1,316.00, and has returned -9.2% over three months. It sits 14% below its 52-week high. The fmcg sector has moved -4.2% over the same period, so Nestle India is running 5.0 points behind its peers.
For Nestle India, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Market context
- The company directly in focus is NESTLEIND.
- Sector exposure: FMCG.
In this story
Related coverage
Taking Stock: Market fails to hold on to day#39;s gains, ends marginally higher
Tata Consumer Shares In Focus: Motilal Oswal Sees 27% Upside As Growth Portfolio Scales Up; Check Target Price
Hindustan Unilever Q4 Preview: Price cuts, slow demand, regional competition to hurt topline
Stock Market Crash LIVE: Sensex Tanks Over 1,200 Points, Nifty 50 Below 22,200; ITC, JSW Steel, IndiGo Among Top Losers
Dividend powerhouse: Coal India, ITC, REC, NMDC, Aptech, Radiant Cash - Which stock is real dividend multiplier? Details