Quote On Nestle 4QFY21 By Yash Gupta, Angel Broking
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Nestle India Limited reported revenue at 3640 crores up by 8% as compared to 3368 crores in Q4FY20, export revenue at 158 crores.
Company has announced an interim dividend of ₹25 per share.
Nestle India reported numbers in line with expectation, we expect some revenue dip in coming quarters as we are going through the 2nd wave of covid. We expect some cool off in margs in the next couple of quarters.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
