#nestlestocks #stocktowatch #stocktobuy #stockmarket2024 #businessnews
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.
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