Buy Nestle India Limited:

Nestle India Ltd has officially announced a consolidated sales of Rs. 34,326 Cr for the third quarter finished on 31-12-2020, which is 17.5% up from its previous quarter sales of Rs. 1,000 Cr and 4.7% up from its previous year same quarter sale of Rs. 1,24,000 Cr. The company reported net profit after tax of Rs. 4,802 Cr in the previous quarter.

Outlook:

Nestle India Ltd: Experts suggested buy call at current market price: Rs. 17,002.5 with a target price: Rs. 17,500; Stoploss: Rs. 16,800.

Buy Grasim Industries Limited:

Grasim Industries Ltd has officially announced consolidated sales of Rs. 18,400.25 Cr for the second quarter finished on 30-09-2020, which is 35.09% up from its previous quarter sales of Rs. 13,621.10 Cr and 16% down from its previous year same quarter sales of Rs. 18,430.27 Cr. The company has reported net profit after tax Rs. 1,502.81 Cr in the previous quarter

Outlook:

Grasim Industries Ltd: Experts suggested buy call at current market price: Rs. 1,384.60 with a target price: Rs. 1,450; Stoploss: Rs. 1,370.

Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.