Nifty FMCG Index hits all time high; Varun Beverages top Index gainer in 2021!
HUL, ITC, Nestle India and Britannia and Tata Consumer Products carry the maximum weightage in the Nifty FMCG index and all showing price gain momentum – except ITC.
Sensex has retraced from its all-time highs by nearly 1 per cent even as some of the sectorial indices have retraced ever more. Nifty PSU Bank index is down by nearly 11 per cent from its 52-week highs while Nifty Metal is down by 9 per cent, Nifty Auto by 5 per cent, Bank Nifty by 6 per cent and Nifty Realty by 6 per cent from their respective 52-week highs.
However bucking the broader trend in the market is the Nifty FMCG index that made a fresh 52 week for itself on Friday. Nifty FMCG index is up by nearly 5.51 per cent on YTD basis while Sensex has been up by nearly 10 per cent in the similar period. In one month Nifty FMCG index is up by 5.25 per cent while Sensex has gained 5.61 per cent. Nifty FMCG Index has underperformed Sensex both on YTD basis and even in the past one month.
In fact the Nifty FMCG Index has underperformed Sensex even when we consider the past one year performance. However the new 52-week high for the Nifty FMCG index indicates fresh positive momentum in the FMCG stocks. HUL, ITC, Nestle India and Britannia and Tata Consumer Products carry the maximum weightage in the Nifty FMCG index and all showing price gain momentum – except ITC.
Nifty FMCG index has 15 constituent in total out of which 13 stocks are trading within 10 per cent range of their respective 52 week-highs. Mcdowell, Tata Consumer Products, Jubilant Foods, HUL, UBL and Marico are trading within 1 per cent of their respective 52 –week highs. Varun Beverages has been the top Nifty FMCG index gainer in the past one month and even on YTD basis. Varun beverages is up by 21.95 per cent in one month and is up by almost 32 per cent on YTD basis.
Technically speaking, except ITC and COLPAL all the other Nifty FMCG stocks are trading above their respective 20 DMA, indicating bullishness in the near term. Definitely Nifty FMCG index is the sectorial index to watch in coming weeks.
Here is the list of top Nifty FMCG gainer in past one month:-
|
Sr. No
|
Symbol
|
LTP
|
1 Month return %
|
YTD return %
|
1 year return%
|
52 week high
|
Distance from 52-week highs
|
|
1
|
VBL
|
796.45
|
21.95
|
31.58
|
68.94
|
918
|
13%
|
|
2
|
MCDOWELL-N
|
672.75
|
17.32
|
15.69
|
10.29
|
678
|
1%
|
|
3
|
TATACONSUMER
|
739.8
|
13.29
|
22.99
|
98.79
|
747
|
1%
|
|
4
|
JUBLFOOD
|
3292.2
|
11.07
|
17.88
|
97.76
|
3331
|
1%
|
|
5
|
MARICO
|
521.15
|
10.28
|
28.33
|
56.95
|
524.9
|
1%
|
|
6
|
GODREJCP
|
892.95
|
9.4
|
20.84
|
39.08
|
941
|
5%
|
|
7
|
UBL
|
1366.75
|
9.37
|
15.52
|
35.06
|
1433
|
5%
|
|
8
|
DABUR
|
577.1
|
8.66
|
8.03
|
31.16
|
582.7
|
1%
|
|
9
|
COLPAL
|
1689.85
|
6.89
|
7.06
|
24.95
|
1755
|
4%
|
|
10
|
EMAMILTD
|
542.7
|
5.77
|
28.09
|
170.61
|
566.7
|
4%
|
|
11
|
HINDUNILVR
|
2482.9
|
4.58
|
3.99
|
20.22
|
2504
|
1%
|
|
12
|
NESTLEIND
|
17670.65
|
2.85
|
-4.23
|
9.22
|
18844
|
6%
|
|
13
|
BRITANNIA
|
3619.2
|
2.66
|
1.44
|
6.31
|
4015
|
10%
|
|
14
|
PGHH
|
13260.55
|
-1.03
|
20.41
|
32.52
|
14100
|
6%
|
|
15
|
ITC
|
204.55
|
-2.62
|
-4.35
|
9.62
|
239.15
|
14%
|
*Data as on 18th June