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5,350 Per Cent Multibagger Returns: FMCG Stock Under Rs 250, Jumps Over 5 per cent on October 24; Complete Details Inside

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

Kiran Shroff 0 95 Article rating: 5.0

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

Union Budget 2024: Impact of the budget on FMCG Companies

Finance Minister Nirmala Sitharaman allocated a significant amount of capital for MGNREGA, Agriculture, and allied sectors which could improve rural consumption.

Manoj Reddy Sama 0 651 Article rating: 4.3

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.

Multibagger Update: These FMCG stocks gained up to 4126 per cent in five years; do you own any?

S&P BSE FMCG index gained over 11.41 per cent since the beginning of this year itself and has grown by 50.91 per cent in the past five years.

Sayali Kotwal 3 11518 Article rating: 3.7

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.  

Overnight Digest: Stocks likely to be in focus on July 7

Britannia Industries, Bajaj Finance, Bajaj Finserv, HUL and Eicher Motors were among the top Nifty gainers. ONGC, Power Grid Corp, NTPC, HDFC Life and Hindalco Industries were among the losers on the index.

Shreya Chaware 0 1593 Article rating: 4.6

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.

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