For Nestle India, is the best in the past?
Nestle India moved higher.
· LiveMint Markets
Nestlé could be better-placed than its peers at a time of increase in raw material prices. Steady urban demand and product innovation are likely to help.
The analysis
Against that, the stock is -0.8% on the day at ₹1,265.50, and has returned -11.1% over three months. It sits 18% below its 52-week high. The fmcg sector has moved -3.1% over the same period, so Nestle India is running 8.0 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
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