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Nifty FMCG index gains 1% as heavyweights lift the index; HUL, Radico, ITC top gainers

17 Jan 2023 , 10:54 AM

Nifty FMCG index was on the bull run during Tuesday's trading session ahead of Q3FY23 corporate earnings. The index has gained over 1% and even neared 44,600-mark. Positive broader markets further lifted the sentiments.

At around 10:50 AM, the Nifty FMCG index was trading at 44,550.05 up by 543.30 points or 1.23%. On the index, 11 scrips advanced and 4 scrips declined.

Hindustan Unilever was the top bull soaring nearly 3%. The stock even neared a record high.

Radico stock gained over 2.1%, while Godrej Consumer Products surged 0.9%. ITC soared over 0.8%.

Marico and Dabur zoomed between 0.67-0.76%. Britannia gained 0.6%, while Nestle India, Colgate Palmolive and Tata Consumers traded marginally up. PGHH traded flat but in green.

On the contrary, UBL and McDowell dipped around 0.2% each. VBL and Emami traded flat but in the red.

However, FMCG stocks may see volatility in due course as a delay in the onset of the winter season this year is expected to weigh on the winter product portfolio of these companies.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Britannia share price
  • Colgate Palmolive share price
  • Dabur share price
  • Emami share price
  • FMCG market
  • FMCG stocks
  • FMCG stocks in focus
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