Nestle India: From ₹27,300 To ₹2,750. India's 6th Most Expensive Stock Is Now Affordable

Friday's (05 Jan) trading session highlighted Nestle India Ltd's stock. In an October filing, Nestle India disclosed that its board had approved the sub-division/split of each equity share with a face value of Rs. 10/- (Rupees ten only) each, fully paid-up, into 10 (ten) equity shares with a face value of Re. 1/- (Rupee one only) each, fully paid-up. This alteration is subject to the approval of the members of the company, to be sought through a Postal Ballot. Kiran Jani, the Head of Technical Research at Jainam Broking, identifies Rs 2,500 as a robust support level. Those considering entering this stock are advised to do so at the Rs 2,500 level. Mayuresh Joshi shares a bullish outlook on the stock, deeming it affordable and a good investment opportunity.