Systematix recommends 'Hold' on Nestle India despite rural expansion

Systematix backs Nestle India's rural expansion; recommends 'Hold'

Systematix Institutional Equity has reiterated a 'Hold' rating on Nestle India, citing confidence in its rural expansion strategy. However, the stock's high valuation limits immediate upside. The target price is set at ₹275 per share, against current levels near ₹260. 📊 STOCKS: NESTLEIND | 🏢 SECTOR: FMCG | #LOWIMPACT #Hold