Economy · India
Nestle India Shares Decline Amid Inflation Concerns
Nestle India's shares experienced a significant drop, falling approximately 9% over two days. This decline occurred despite the company reporting a 36% profit growth in the second quarter. The company flagged inflation risks as a concern for its future performance, contributing to investor apprehension about high valuations.
How outlets across the spectrum covered it
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- Centre (2): Business Standard, Business Today