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Brokerages Are Counting On E-Commerce, Expansion For Nestle Amid Inflation Concerns

Anand Rathi has given Nestle a target price of Rs 2,700 after the company posted its third quarter results. The company’s revenue showed a 3.9% increase compared to the previous quarter. While EBITDA remained stable, profit after tax saw a 4.9% increase.

The brokerage notes the company’s…

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