Nestle - good investment oppurtinity

8 Ara 2024

Buy Good Businesses when Market is Fearful!!

Strong Fundamentals

• Market Cap ₹ 2,18,652 Cr.
  
• ROCE 169 % and ROE 135 %
  
• Debt to equity 0.09
  
• 10 year median PE 72.4 vs Current PE 68
  
• YoY Sales Growth
  
• YoY EPS Growth
  
• OPM 24%
  

Monthly Chart:

• Stock fell bout 22% compared to 10% Nifty
  
• last 3 months price showing support at confluence of
  

+ 30 EMA monthly
+ upward sloping trendline
+ Horizontal demand zone

Trade Execution

• Buy at CMP 2267 and add more towards 200 range
  
• Target 1 - All time High