Stock of Interest

Posted On: September 5, 2023

Stock Report: NESTLEIND(NSE) 04 Sep 2023

Nestle India Ltd is a subsidiary of Nestle of Switzerland with business divided into milk products and nutrition, beverages, prepared dishes and cooking aids, chocolate and confectionery, and vending food services. Milk products and nutrition consist of nutritional products for infants and pregnant and breastfeeding mothers. The Powdered and Liquid Beverages product division sells tea and instant coffee under the Nestea, Nescafe Classic, and Nescafe Gold brands. Prepared dishes and cooking aids comprise food-enriching flavors under the Maggi brand. The Confectionery products in chocolate and confectionery are KitKat, Munch Nuts, and Nestle Alpino. The company’s business activity falls within a single operating segment, namely Food.

#xCalData predicts that # NESTLEIND will continue its bearish phase over the next five days and trend within the range of 21297 to 22275. 

In comparison to the previous month, the price of the stock has experienced a decline of 5.0% indicating a bearish. 

The Stock has doubled once since 08 Jun 2015 and took an average of 3.2 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only one technical indicators namely Trendline indicate Neutral view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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