Nestle India tanks 5% on unexciting Q3 nos. Here’s what brokerages said

NEW DELHI: Shares of tanked 5 per cent in Wednesday’s trade after a host of brokerages changed their stance on the stock following a less-than-expected December quarter results. Foreign brokerage JP Morgan downgraded the stock to ‘Neutral’ from ‘Overweight’ on ‘unexciting’ December quarter results while also lowering margin expectations. This brokerage sees the stock at […]

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