Nifty FMCG stocks resisted the market bears and trades higher during Friday’s trade. Jubilant Foodworks and Varun Beverages Limited (VBL) were in the fast lane again while Dabur and UBL drag.
At around 12.548 pm, Nifty FMCG was trading at 33,490.80 up 116.90 points or 0.35%.
Jubilant Foodworks gained 2.60% at Rs2,978.00 per piece. The board of Jubilant FoodWorks recently appointed Ashish Goenka as the chief financial officer (CFO) and key managerial personnel (KMP) of the company with effect from February 17, 2021.
VBL also continued to surge on quarterly earnings. It was trading 2.09% higher at Rs968.45 per piece.
Marico surged 1.72% higher. Heavyweight Hindustan Unilever Limited (HUL) also gained 1.445 at Rs 2,177.75 per piece to push the index.
United Spirits, Colgate Plamolive and Tata Consumer also traded in the green while Nestle India was marginally higher for first time since announcing Q3FY21 earnings.
Dabur shed 1.71% at Rs511.15 per piece. UBL also traded 1.11% below at Rs1,238.65 per piece.
Procter & Gamble Hygiene, Britannia, Godrej Consumer, Emami and ITC also traded in the red.
Nifty FMCG had 8 advances and 7 declines.
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