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FMCG stocks outperform market

October 23, 2009

INDIA-BUDGETThe BSE FMCG index gained over 3 percent on Friday and ended as the top sectoral performer, even as the markets closed just 21 points up.

All stocks in the index, except Marico, closed in the green, led by Dabur India which rose 5.8 percent and ITC which gained nearly 5 percent.

ITC today reported September net profit rose 26.3 pct, beating forecasts. ITC shares also ended as the top Sensex gainer.

The BSE FMCG index has risen around 25 percent since July, beating that of the Sensex which has clocked 16 percent in the same period.

Would you invest in any of the FMCG stocks now?

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