Five stocks in the FMCG sector that investors should keep an eye on today!
Check out these FMCG companies making headlines in the morning trade session.
Last one month has been a roller coaster ride for the markets, the benchmark indices BSE Sensex and Nifty50 have shed a massive 4089 points (6.9%) and 1174 points (6.6%), respectively. Amid much volatility and huge sell-off, the FMCG sector has seen a significant correction with S&P BSE FMCG shedding 873points (6.3%) during the same period of which 1.6% have been lost in the last one week.
Among the FMCG companies, Vadilal Industries, Eveready Industries, Hindustan Unilever and Dhampur Sugar Mills are among the stocks that are in the news on Thursday. Let us see why!
Vadilal Industries has rallied 43.3% in the last one month and 19.1% in the last week. A manufacturer of ice cream and frozen dessert launched its first café in Ahmedabad named, “Now For Ever” representing fusion food, desserts and an ambience to cater for millennials and Gen-Z. On Thursday in morning trade the stocks of Vadilal Industries was trading at Rs 1350, down 0.73 % or 9.9 per share.
Dabur India has gained 6.0 % in the last week as Dabur’s Burman family early this week made an open offer for an additional 26% of shares at Rs 320 per share in its bid to take full management control of the dry cell battery major, Eveready. The mandatory open offer under the takeover regulations of SEBI was made as the Burmans acquired an additional 5.26% stake of Eveready from the open market taking its total shareholding to 25.11%. In the morning trade, Dabur Industries was trading at Rs 564.45, up 0.14% or 0.75 per share.
Shares of Future Group including Future Consumer ascended after Reliance’s takeover of 200 Future Retail stores operations and taking its 30,000 employees on its roll. All those stores were sub-leased to Future Retail after the latter missed its lease commitments and were loss-making. The stock has jumped 12.8% in last three trading sessions after the Reliance takeover.
At the time of writing, shares of Future Consumer were trading Rs 7.20, down by 0.69%
Hindustan Unilever has hiked prices across its portfolio of products by 3-13% in successive tranches in February, with the 100 gm Lux soap pack seeing the largest rise of 13%, to Rs 35 from Rs 31 previously while among the products that have seen least increase, HUL has upped the price of its Dove Shampoo (180 ml) stock-keeping unit by 3% to Rs 165. The price hikes are a measure to offset part of the inflation impact on raw materials. At the time of writing, HUL was trading flattish at Rs 2149%.
Dhampur Sugar Mills has soared 10.57% in the last three trading sessions as sugar stocks remain in action on the bourses. The stock has logged its all-time high of Rs 431.50 on February 7. At the time of writing, shares of Dhampur Sugar Mills shares were trading Rs 411.75, up by 6.88% or 26.85.
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