Motilal Oswal maintains 'Neutral' on Nestle India with Rs 1,400 target
Brokerage Motilal Oswal keeps a Neutral rating on Nestle India, setting a target price of Rs 1,400, signaling limited upside expectations for the packaged foods major.
Motilal Oswal maintained a 'Neutral' rating on Nestle India with a target price of Rs 1,400.
Why this matters
Reinforces Motilal Oswal's prior Neutral call citing rich valuations, while Systematix held with a higher Rs 1,460 target on tripling rural reach. Comes as Nestle India's board weighs a special dividend.
Retail-company signals accelerating, up +433100% QoQ.