NEW DELHI: Nestle India ended the day at Rs 5,997.10, down 0.23%.The stock slipped as much as 4.8 per cent in intraday trade on Friday, after the food group withdrew Maggi noodles from sale in India due to "an environment of confusion for consumers", following a food scare sparked by reports of excess lead in some packets of the popular instant snack.Nestle Global CEO Paul Bulcke in a press conference at noon said, "Maggi is safe.""I am not worried about the share prices falling. It will correct over a period of time. Trust of consumers is more important than share price," he said.After coming under fire in local media for reacting too little and too late, the group said it would recall the product regardless, Reuters reported.At least six Indian states have banned Maggi noodles after tests revealed some packets contained excess amounts of lead, added the report. On Thursday, Tamil Nadu became the first state to ban several brands of instant noodles, including Nestle."The price it (Nestle India) was trading at a week back - the valuations were simply too demanding in our opinion. Now, let the dust settle down and understand what is the stand that the centre is going to take, there have been states which have banned Maggi and has gone off shelves. There has been a huge impediment in terms of their brand value," says Mayuresh Joshi, Fund Manager , Angel Broking."The goodwill hit has been tremendous over the past few days, so in that sense itself let the dust settle down, let us assume what happens with the regulatory announcements and what happens after 15 days. Let the dust settle down and then we will revise our estimates and take a call," he adds.