Jefferies recommended a ‘Hold’ on Nestle India for a price target of Rs 19,900. The company witnessed a volume miss offset by margin expansion, the brokerage noted. Revenue growth was broad-based across cities and towns and also product segments. Like the packaged food story, but valuations are expensive, it said.
ICICI Direct Analysis: How Sensex stocks stand to benefit from Budget 2025
The government initiatives, including a maritime development fund, MSMe reclassification, and a capex allocation, aim to boost manufacturing and credit demand. Companies like Adani Ports,
February 2, 2025