Nestle India extends rally on stellar June quarter, higher costs may limit upside
ET Intelligence Group: Nestle India shares hit a record high on Wednesday following the FMCG major’s stellar June quarter performance. The stock has gained about 6% over the past three months, outperforming the BSE FMCG Index, which has declined 3%. Despite this gain, Nestle continues to trade at a trailing price-earnings (P/E) multiple of around […]