OTHER GROUP COMPANIES
market

Nifty FMCG trades higher amid volatile markets; Radico Khaitan hits new high to lead the gains

Dabur India, Marico, and United Spirits were also in the fast lane. Emami led the laggards.

October 12, 2021 12:10 IST | India Infoline News Service
The Nifty FMCG stocks traded higher amid volatile markets on Tuesday. Radico Khaitan stock continued to scale new heights and hit fresh record of Rs1185 per piece during intraday trade on Tuesday. Dabur India, Marico and United Spirits were also in the fast lane. Emami led the laggards.

Indian benchmark indices swung between gains and losses on Tuesday amid weakness in global peers. Consumer Durables stocks led the gains followed by FMCG and auto stocks.

At around 12.10 pm, BSE Sensex was trading at 60,014.24 down 121.54 points or 0.20% and Nifty50 at 17,907.15 down 38.80 points or 0.22%.

The Nifty FMCG was trading at 40,531.65 213.60 0.53, touching a high of 40,738.85 and low of 40,239.25 during intraday trade on Tuesday.

Radico Khaitan share price was in demand at Rs1,163.25 per piece, up nearly 14%. The liquor manufacturer recently unveiled two new luxury products in the brown and white spirit categories.

Marico was also nearly 2% higher at Rs581.40 per piece to outperform. Dabur India also rose 1.9% at Rs620.05 per piece. United Spirits was 1.8% higher at Rs911.80 per piece. 

ITC (up 0.7%), Nestle India (up 0.4%), Tata Consumer Products (up 0.32%), Colgate Palmolive (up 0.3%) and Hindustan Unilever (up 0.1%) also traded higher.

Emami weighed down 2% at Rs534.15 per piece to emerge the biggest laggard in the sector. Godrej Consumer Products(down 0.77%), Britannia Industries (down 0.34%) Varun Beverages (down 0.3%), were also under pressure. United Breweries and Procter & Gamble Hygiene were also marginally lower.

OPEN A DEMAT ACCOUNT & Get FREE Benefits worth 10,000

OPEN A DEMAT ACCOUNT & Get
FREE Benefits worth 10,000

STOCK VIEW

PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

FEATURED ARTICLE

BLOGS

Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity