Nestle’s Q2 earnings beat Street’s estimates. Should you buy stock?
After FMCG major Nestle India June quarter earnings beat Street’s expectations, US brokerage Jefferies recommended a ‘Hold’ on expensive valuations, while Nuvama and ICICI Securities recommended a ‘Buy’ and ‘Add’, respectively. Motilal Oswal has a ‘Neutral’ stance on the counter. The stock on Friday fell to the day’s low of Rs 22,187.30 on the NSE, … Read more