The stock gave multibagger returns of 1,690 per cent in 5 years and a whopping 5,350 per cent over a decade.

The increased funding for MGNREGA, agricultural support, and the focus on improving productivity in agriculture is expected to raise disposable incomes in rural areas, leading to higher rural consumption and benefiting FMCG companies.

Finance Minister Nirmala Sitharaman presents Union Budget 2023.

The fourth-largest sector of the Indian economy is fast-moving consumer goods (FMCG). India is probably going to be the fifth-largest FMCG market by 2025. From US$ 110 billion in 2020, the FMCG market in India is projected to grow at a CAGR of 14.9 per cent to US$ 220 billion by 2025.  

On Wednesday, the equity benchmark indices ended on a higher note with Nifty closing near 16,000 level supported by the auto, FMCG and financial stocks.

Interestingly, fuelled by a good monsoon forecast, the FMCG sector anticipates a revival in demand and moreover, the expectation of fading inflationary pressure in the coming month would mean that margins may improve from hereon. Hence, stocks from this sector are likely to be on the radar.

Extending the fall of the previous trading session, the benchmark indices ended Monday's trading session deep in the red. The markets were dragged by losses in metals, energy, realty, and information technology stocks.  

So, here is the list of stocks that have formed a bullish pro gap on December 23, 2021. Keep these stocks on your watchlist: