Apr 09, 2008, 01.16 PM IST
Hem Securities has recommended a buy rating on Nestle India with a target of Rs 1750. The stock is trading at Rs 1557, which is at 35.88 times to its book value of Rs 43.39 and 36.27 times to its earning per share of Rs 42.92.
"Presently, the stock is trading at Rs 1557, which is at 35.88 times to its book value of Rs 43.39 and 36.27 times to its earning per share of Rs 42.92. Therefore, we initiate a BUY signal on the stock at the current price level with a target of Rs 1750, in medium to long-term investment horizon, providing ample upside potential" says Hem's research report.
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