Nifty FMCG advances over 300 pts despite weak markets; HUL, Britannia outperform

Britannia, Godrej Consumer, and Nestle India were also bullish. Emami, United Breweries, and United Spirits dragged the most.

Aug 20, 2021 12:08 IST India Infoline News Service

The Nifty FMCG Index stretched its winning streak on Friday and advanced over 325 points shrugging off the broader weak market trend. The sector got a boost from heavyweight Hindustan Unilever Limited which was in the fast lane. 

HUL stock hits a fresh 52-week high during intraday trade.

Britannia, Godrej Cosumer and Nestle India were also bullish. 
Emami, United Breweries, and United Spirits dragged the most.

BSE Sensex and the Nifty50 are trading lower on Friday dragged by heavy selling across the board. Barring Nifty FMCG, all other sectoral indices are in red with metals, banks, auto, and pharma indices underperforming the most.

At around 12.10 PM, BSE Sensex was trading at 55,406.37 down 223.12 points or 0.40% and Nifty50 at 16,468.85 down 100.00 points or 0.6%. Nifty FMCG has been in the fast lane since last week and it continued the bullish trend. Currently, the index traded at 37,996.75 up 258.45 points or 0.68% afrer touching a high of 37,996.15 and low of 37,401.30 during intraday trade. 

Shares HUL have been on a winning streak for a week and it hit a new 52-week high of Rs2565.60 per piece on the NSE earlier today as investors turned to defensive stocks from the FMCG space in a weak market. It was trading at Rs2,561.50 per piece, up 3%.

Britannia advanced 2% at Rs3,795.00 per piece to push further the Index. Nestle India and Godrej Consumer were nearly 1% higher at Rs19,088 per piece and 1,014.50 per piece respectively. Jubilant Foodworks gained over 0.8%. Dabur India and Colgate Palmolive were 0.5% higher respectively. 

The Breweries stocks led the pack on Wednesday but faced reversal of fortunes as the market opened on Friday after a day’s off (Thursday) on a bearish note. United Spirits sank 3.5% at Rs698.80 per piece. United Breweries was around 3.3% lower at Rs1,446.70 per piece. Varun Beverages was trading flat. While, Emami also shed nearly 3.5% at Rs576.95 per piece.

Procter & Gamble Hygiense was nearly 2.3% lower at Rs12,517.20 per piece. ITC and Marico were also in the red while Tata Consumer was trading flat.

Related Story

Open Free Demat Account (Rs699)