Nestle India share price : 10 October 2023

Nestle India share price (NSE: NESTLEIND) closed at ₹22,986.20 on 10 October 2023, down 0.02% from the previous day’s close. The stock has been trading in a tight range in recent weeks, and has moved down by around 1% since the beginning of the month.

Nestle India is a leading food and beverage company in India. The company manufactures a wide range of products, including Maggi noodles, KitKat chocolates, Nescafe coffee, and Milo beverage. It has a strong presence in the Indian market, and its products are popular with consumers of all ages.

The company’s recent performance has been impacted by a number of factors, including:

  • Higher input costs
  • Increased competition from other food and beverage companies
  • Slowing demand in the Indian economy

Analysts are mixed on the stock, with some believing that it is undervalued, while others see it as overvalued. They cite the company’s strong brand recognition, diversified product portfolio, and wide distribution network as key reasons for their optimism. However, they also caution that the company’s performance is dependent on a number of factors, including input costs, competition, and demand.

Please note that this is just a general overview of the company and its stock performance. It is important to do your own research before making any investment decisions.

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