Nifty FMCG tops 445 pts as majority stocks witness bullish tone; Jubilant Foodworks, Tata Consumer hits new highs; HUL, Emami, Nestle lift

The index has touched a new 52-week high of 37,417.40 earlier today.

Aug 17, 2021 02:08 IST India Infoline News Service

FMCG stocks were on a bullish tone on Tuesday led by broad-based buying. Nifty FMCG index was among the top gainers with heavyweights Hindustan Unilever (HUL), Nestle, Britannia, Emami and Godrej Consumer witnessing a stellar performance. Jubilant Foodworks and Tata Consumer touched new highs.

The FMCG index has been in the fast lane when both CPI and WPI inflation eased. The food prices have recorded a steep fall in July 2021 as well.

At around 2.56 pm, Nifty FMCG was trading at 37,399.90 up by 445.65 points or 1.21%. The index has touched a new 52-week high of 37,417.40 earlier today.

Jubilant Foodworks was the top gainer soaring over 4.5% followed by Tata Consumer surging 3.5%. The stocks have touched a new 52-week high of Rs3,940 per piece and Rs834 per piece.

Index heavyweight HUL, Varun Beverages and Emami advanced more than 2% each.

Nestle jumped 1.6% followed by Godrej Consumer, United Breweries, Britannia and Colgate stock zooming over 1% each. Dabur and Marico soared 0.9% each.

However, PGHH was the top performer plunging 1.2% followed by ITC declining 0.9%. 

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