FMCG Stocks Shine Amid Market Downturn: A Beacon of Hope for Consumption Boost
In a surprising turn of events, Fast-Moving Consumer Goods (FMCG) stocks have logged significant gains despite a broader market decline. On a day when both the Sensex and the Nifty 50 plummeted nearly 6%, key FMCG stocks like Dabur, Hindustan Unilever, and Colgate-Palmolive stood out with impressive gains. A shift in focus to boosting consumption can bring respite to FMCG majors, which have recently complained of sluggish consumption growth. Dabur Leads the Pack Dabur Ltd. emerged as the top performer among FMCG stocks, with its share price soaring by 6.46% to Rs 580, marking its highest level since July of the previous year. This uptick reflects a growing optimism in the sector, driven by anticipated boosts in consumption. FMCG Index Bucks the Trend Overall, the Nifty FMCG index saw a 0.95% rise, defying the broader market trend. Hindustan Unilever Ltd. (HUL) surged by 5.78% to Rs 2,492.15, and Colgate-Palmolive India Ltd. climbed 4.53% to Rs 2,809. Other notable performers included B...