Apr 26, 2012, 12.22 PM IST
INDIA-NESTLE-NOMURA:Muted profits, but Nestle India will recover - Nomura
* Nomura says Nestle's profits missed estimates, but adds input costs have started to ease and will help lift margins over then next couple of quarters.
* Nomura adds Nestle remains one of its key long-term picks in the sector, but maintains its "Neutral" rating, with target price at 4,345 rupees vs Nestle's 4,936 rupees closing price on Wednesday.
(Reporting by Manoj Dharra; Editing by Rafael Nam)
Video of the day
Dec 4 2013, 16:28
- in Business
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.