Nestle Maggi: Present conditions and Future prospects

         The analysts in Nestle India continue to be cautious after Maggi noodles hurt the expected cost in the April- June quarter. They have analysed that the lower than expected cost impact of Nestle Maggi noodles ban may spell in more trouble for it.

The stock has not yet reacted negatively in trade. Merill Lynch, Bank of America, recapitulates the undersperform rating on stock with a target of Rs. 5200 per share. The brokerage feels that the Maggi noodles will hit the shelves by the end of 2015, but also warns that the unfavourable outcome from pending lawsuits provides downside risks.read  more....http://www.vishwagujarat.com/business/nestle-maggi-present-conditions-and-future-prospects/