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Fast-moving user goods (FMCG) stocks person mostly underperformed truthful acold successful 2024 owed to anemic basal agrarian demand, adverse upwind conditions, and little agri-production growth. High commodity prices person besides played a spoilsport for the sector, which is babelike connected earthy materials—either manufactured successful the home markets oregon imported. Crude lipid is simply a large commodity imported from Russia and theMiddle East, which impacts the measurement for respective FMCG firms.
Coming to equities, FMCG majors Hindustan Unilever Ltd (HUL) and Asian Paints person emerged arsenic the apical Sensex losers successful the archetypal six months of 2024 – erstwhile the BSE benchmark covered its grounds tally from 70,000 to 80,000-mark.
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HomeMarketsStock MarketsFMCG stocks to recover? Green shoots disposable successful agrarian demand; D-Street experts peg ‘hold’ for long-term, HUL is ‘buy’
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