FMCG’s defensive image hit as stocks fall up to 21% in 3 months. Tata Cons, Marico among top 10 bets
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FMCG's reputation as a defensive sector has received some serious hammering with stocks falling by up to 21% in the last three months amid muted Q2FY25 earnings, nagging inflation and slowdown in demand. Experts recommend caution going ahead as they pick their top stocks to buy. At the index level, Nifty FMCG has declined nearly 10% versus 3% correction in Nifty in the last three months. Eleven stocks in the Nifty FMCG index have fallen between 21% and 2% with Colgate Palmolive (India) and Tata Consumer Products among the biggest losers. Dabur India, Britannia Industries, Godrej Consumer Products (GCPL), Hindustan Unilever (HUL), Nestle India, ITC, Procter & Gamble Hygiene and Health Care, United Breweries and Marico are other losers. Among the gainers are Balrampur Chini Mills, Varun Beverages (VBL), United Spirits and Radico Khaitan which have gained between 1% and 18%. Q2FY25 earnings The July-September quarter earnings for the...