The Nifty fast-moving consumer goods (FMCG) index surged more than 6% on Wednesday, continuing its upward momentum for the second consecutive day. The index reached a record high of 58,832.65, edging closer to the 60,000-mark with just 1,100 points to go. Over the past year, the FMCG index has seen a remarkable gain of nearly 15%.
All 15 constituents of the index traded in the green today, showcasing widespread bullish sentiment in the sector. Leading the charge, stocks such as Dabur, Colgate-Palmolive (India), Godrej Consumer Products, and Marico posted gains between 8% and 9%. Hindustan Unilever (HUL) shares jumped over 9%, marking the biggest single-day gain for HUL since April 2020.
| Stock | 5 Day Returns | 1 Month Returns | 6 Months Returns | YTD Returns | 1 Year Returns |
| HUL | 11.28% | 16.57% | 2.60% | -0.93% | -2.44% |
| Dabur | 10.32% | 15.26% | 10.83% | 9.75% | 10.81% |
| Colgate-Palmolive | 11.90% | 4.37% | 28.71% | 19.86% | 85.38% |
| Godrej Consumer | 11.37% | 15.80% | 38.53% | 26.60% | 37.63% |
| Marico | 9.20% | 23.35% | 21.93% | 20.67% | 19.67% |
| Nestle India | 2.82% | 2.14% | 2% | -8.91% | 15.06% |
| ITC | 0.40% | -1.32% | -5.04% | -8.36% | -2.64% |
| Britannia Industries | 6.03% | 9.06% | 11.55% | 3.76% | 17.69% |
Other notable movements included Nestle with a 16% gain, while Marico saw an 20% increase. In contrast, ITC shares declined by 3%, standing out as the only major underperformer in an otherwise buoyant sector.
The robust performance of FMCG stocks reflects strong investor confidence, driven by positive market sentiments and solid company fundamentals. Analysts attribute the gains to expectations of strong quarterly results and resilient consumer demand.
As the index approaches the 60,000-mark, market participants remain optimistic about the sector’s continued growth, buoyed by consistent demand and favorable economic conditions.
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