The Nifty FMCG index continued its upward momentum, marking a new milestone with a record high of 59,587 points on Thursday, extending its winning streak for the fifth consecutive trading session. It gained 0.40% during the session, accumulating a 4.3% increase over the past five sessions, bringing it closer to […]
FMCG Stocks top news
Fast-moving consumer goods (FMCG) stocks have largely underperformed so far in 2024 due to weak base rural demand, adverse weather conditions, and lower agri-production growth. High commodity prices have also played a spoilsport for the sector dependent on raw materials–either manufactured domestically or imported. Coming to equities, FMCG majors Hindustan […]
Following the election verdict, most FMCG shares have seen a jump of up to 10%, attributed to their defensive characteristics and the optimism surrounding improved prospects. A convergence of favorable factors—such as the monsoon-driven rural resurgence, heightened focus on social welfare post election, and margin buoyancy propelled by crude prices—bode […]
Shares of Marico, one of India’s leading consumer products companies in the hair and wellness market, have shown a strong upward trend since April, rebounding from a steady decline between September 2023 and March 2024. In April, the stock made a robust comeback, ending the month with a 4.18% gain […]
Even amid Monday’s market meltdown, the FMCG sector weathered the storm as it finished the session with a nearly 1% gain, even as the frontline indices experienced one of their bleakest intraday drops in four years. Also Read: From Monsoon to rate cut: 5 crucial triggers for Indian stock market […]