So the Indian middle class is very rich Sachin, you would probably know that.
It is not a huge concern for the haves, you are clutching at straws with that argument, those without money would not look at A2m, breast is best for as long as possible in the rural India still but in the urban centres they are buying the best, money is not the driving issue when mothers feed their babies.
Besides India is only the latest story and growing well, it is still all about China in so far as IF is concerned That the 5% in China will soon be 10% else Nestle would not have gone to these lengths.
A2m has Nestle bothered, this short term volatility is a buying op pure and simple.
Bounce next week and how, SP stabilizing now.
Chart update, page-9835
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Last
$6.85 |
Change
-0.030(0.44%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $6.98 | $6.83 | $10.27M | 1.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18844 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 41602 | 1 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |