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HomeNewsUpdate on the stock market: FMCG stocks decline as market drops

Update on the stock market: FMCG stocks decline as market drops

Dearie

Gastropub Dearie plans expansion with 5 new outlets, aims for 60% revenue growth by...

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Dearie, a prominent restaurant, bar, and brewery͏ celebrated ͏for its European ambiance and expertly crafted beers, has announced it͏s ambitious expansion pl͏a͏ns͏. By 202͏7͏,...
hotel

Espire Hospitality Group to launch new hotel in Ayodhya by Q4 2024

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Espire Hospitality Group plans to open͏ a new hotel in Ayodhya in Q4 202͏4. Property͏ to Feature 1͏50 Rooms ͏͏Acr͏oss Two Bran͏ds: The compa͏ny͏ announce͏d that...

As of 11:20 a.m. EST on a Friday, FMCG stocks had dropped.

Companies like Jyothy Labs (+4.43%), Parag Milk (+4.22%), Varun Beverages (+3.98%), Bajaj Consumer (+2.75%), Hindustan Foods (+2.41%), Umang Dairies (+1.83%), Sheetal Cool Products (+1.72%), Zydus Wellness (+1.20%), Colgate Palmolive (India) (+0.88%), and Dodla Dairy (+0.84%) saw significant price increases.

For example, Future Consumer was one of the worst performers, falling 3.13%, while Nakoda Group was down 1.84%, TATA Consumer Products was down 1.64%, Hindustan Unilever was down 1.49%, ADF Foods was down 1.33%, Euro India Fresh Foods was down 1.12%, Nestle India was down 1.07%, Heritage Foods was down 1.06%, Hatsun Agro Product Ltd was down 1.02%, and Dabur India was down.

At 11:20 a.m. EST, the NSE Nifty50 index was trading 107.85 points lower at 18704.65, while the BSE Sensex, which tracks 30 larger companies, was down 378.52 points at 62905.67.

Top gainers on the Nifty included Oil & Natural Gas Corporation (+1.39%), Apollo Hospitals NSE 2.0% Enterprises (+1.32%), Grasim Industries (+1.22%), Adani Ports & Special Economic Zone (+0.68%), Tech Mahindra (+0.64%), Bajaj Finserv (+0.63%), Tata Steel (+0.5%), Coal India (+0.38%), Bharat Petroleum Corporation (+0.35%), and Dr Reddy’s Laboratories (+0.15%).

Companies like Eicher Motors (-2.69%), Mahindra & Mahindra (-2.18%), Divis Laboratories (-1.88%), Cipla (-1.76%), TATA Consumer Products (-1.64%), Bajaj Auto (-1.61%), Hindustan Unilever (-1.49%), Tata Consultancy (-1.37%), UPL Ltd (-1.25%), and Hero MotoCorp (-1.21%) were trading lower.

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