Nestle India jumps 2% on Nuvama's 'Buy' rating

Nestle India jumps 2% on Nuvama's 'Buy' rating. Nuvama Institutional Equities has reiterated a 'Buy' rating on Nestle India with a target price of ₹4,200, citing strong volume growth and margin expansion. The brokerage expects 15% revenue CAGR and 18% EPS CAGR over FY24–26. Recent premiumization and rural recovery are key drivers.

📊 STOCKS: NESTLEINDIA | 🏢 SECTOR: FMCG | #MEDIUMIMPACT #Brokerage