These FMCG Sector stocks gained over 117 per cent in just 1 month; do you hold any?
BSE FMCG Index, up by 1 per cent in one day and over 7 per cent in 1 month.
On Friday, BSE Sensex Index ended the day in green, up 0.76 per cent at a level of 61,112.44. One of the Top Gainers in the broader market was BSE FMCG Index, up by 1 per cent in one day and over 7 per cent in 1 month.
The FMCG sector in India expanded due to consumer-driven growth and higher product prices, especially for essential goods. The FMCG sector provides employment to around 3 million people accounting for approximately 5 per cent of the total factory employment in India.
FMCG sales in the country were expected to grow 7-9 per cent by revenue in 2022-23. The fast-moving consumer goods (FMCG) sector is India’s fourth-largest sector and has been expanding at a healthy rate over the years because of rising disposable income, a rising youth population, and rising brand awareness among consumers.
With household and personal care accounting for 50 per cent of FMCG sales in India, the industry is an important contributor to India’s GDP.
Following are the FMCG Sector stocks that gained over 117 per cent in just 1 month:
Do you have any of these stocks in your portfolio?