Nifty FMCG tops 568 points tracking broader markets bull; Heavyweight Godrej Consumer, HUL led the pack

Jubilant Foodworks, Tata Consumer, Nestle and Dabur stocks were also upbeat to push up the sectorial gains. VBL was the sole loser, shedding over 2%.

Mar 26, 2021 12:03 IST India Infoline News Service

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Nifty FMCG stocks were bullish with heavyweights Godrej Consumer, Hindustan Unilever leading the charge. Jubilant Foodworks, Tata Consumer, Nestle and Dabur stocks were also upbeat to push up the sectorial gains. VBL was the only underperformer, shedding over 2%.

The index joined the markets bull on Friday to surge nearly 2%.

At around 1.05 pm, Nifty FMCG was trading at 33,781.15 higher 568 points or 1.71% after hitting a day’s high of Rs33,870.50 during intraday trade on Friday.

Godrej Consumer surged 3.71% at Rs705.00 per piece while HUL advanced over 3% at Rs2,305.70 per piece to lead the gaining inslaught from the FMCG companies.

Jubilant Foodworks Limited gained 2.5% at Rs2,895.35 per piece. JFL announced Wednesday that it has entered into an exclusive Master Franchise and Development Agreement with PLK APAC Pte. Ltd., a subsidiary of Restaurant Brands International Inc. (RBI), to develop, establish, own and operate hundreds of Popeyes restaurants in India, Bangladesh, Nepal and Bhutan in the coming years.

Britannia also climbed 1.78% while Tata Consumer jumped 1.72%. Nestle India, United Breweries and United Spirits were also over 1.5%.

Procter & Gamble Hygiene and Marico also gained over 1%. Colgate Palmolive also advanced nearly 1% while ITC and Emami were marginally higher.

Varun Beverages shed 2.05% at Rs978.20 per piece to emerge the lone laggard. 

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