Nestle: Stock offers good opportunity for medium to long-term investors

Shares of Nestlé India have not only seen some correction in the recent past, but have also significantly underperformed the sector and benchmark indices. The disappointing performance in the June quarter (Q2) has added to the pressure, given that the stock has shed 7 per cent since the results were announced last month, while Nifty FMCG index has risen 1.6 per cent during this period. The underperformance is more stark over a longer time period. Nestlé India’s stock is down over  10 per cent since April 27, compared with an over 24 per cent rise in the.....

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