FMCG Stocks Rally Ahead of GST

  Published 10 months ago

Indian consumer goods stocks rose about 1%, led by Colgate-Palmolive India, while the Nifty 50 traded flat.

  • Colgate-Palmolive India surged 3.6%, Britannia and United Spirits climbed about 2% each, showing strong sector gains.
  • Marico, ITC, and Dabur advanced around 1.5% each, reflecting investor optimism ahead of the upcoming GST council meeting.
  • FMCG index jumped nearly 2% on August 18 following PM Modi’s GST reform announcements this year.

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