FMCG Index Outperforms This Week

  Published 1 year ago

India’s Nifty FMCG index gains 2.2% for the week, outperforming all major sectors amid stock upgrades and leadership changes.

  • Index up 0.7% Friday; only major sector in green this week, driven by Godrej Consumer’s strong Q1 update.
  • HUL surges 5% after appointing new CEO; Jefferies’ contrarian call on FMCG stocks lifts investor sentiment.
  • Despite weekly gains, the FMCG index is still down 1.5% YTD vs Nifty 50’s 6.5% rise.

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