Firstcall Research has recommended buy rating on Nestle India stock to achieve a target of Rs 4001.

Today, the stock of the company opened at Rs 3571 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 4199.40 and a low of Rs 2570 on BSE.

Current EPS & P/E ratio stood at 86.32 and 41.72 respectively.

The company is present in the Indian market for about 9 decades.

Nestlé India is a division of Nestlé SA of Switzerland. The company's headquarters are situated at Gurgaon and has 7 factories, which spread all over the country.

According to market-wise place, Nestlé India stands on top in instant noodles & ketchups, on second place in healthy soups, No. 1 in instant coffee, & No. 2 in overall chocolate category.

Nestle India constantly concentrates on understanding altering lifestyles in the country.

It recorded 80.13% increase in its standalone net profits for the three month period ended Dec 2010. The net profit during the said period remained at Rs 2034.00 million for the period ended Dec 2010.

Net sales during the quarter under review grew by 23.41% to Rs 16755.20 million as against Rs 13576.60 million in the same quarter of 2009.

On the basis of EV/EBITDA, the company's stock rules at 23.34 x for CY11E and 19.84 x for CY12E.

The company's EPS for the earnings for CY11E and CY12E is witnessed at Rs 97.74 and Rs 115.72 respectively.