Latest news with #NiftyFMCGIndex
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Business Standard
28-05-2025
- Business
- Business Standard
Fall in ITC shares drag Nifty FMCG index 2%; Nestle, Emami down 2% each
Nifty FMCG Index in focus: The Nifty FMCG index, a stock market index that tracks the performance of the Indian Fast-Moving Consumer Goods (FMCG) sector, came under pressure on Wednesday, May 28, 2025, slipping as much as 1.56 per cent to hit an intraday low of 55,663.40 levels. Leading the decline in the FMCG pack around 3:00 PM were shares of ITC, Nestle, Emami, and Tata Consumer, which fell between 1.1 per cent and 2.5 per cent. Other notable laggards included United Spirits (down 0.78 per cent), Hindustan Unilever (down 0.63 per cent), Varun Beverages (down 0.25 per cent), Britannia (down 0.16 per cent), and Godrej Consumer (down 0.12 per cent). However, not all stocks in the index were in the red. Gainers included Dabur (up 0.08 per cent), Patanjali Foods (up 0.16 per cent), Marico (up 0.50 per cent), Radico Khaitan (up 0.51 per cent), Colgate-Palmolive (up 1.17 per cent), and United Breweries (up 1.36 per cent). ITC slides on block deal In a filing to the London Stock Exchange (LSE) on Wednesday, the maker of Dunhill and Lucky Strike cigarettes said it had completed the sale of 313 million ordinary shares in ITC through an accelerated bookbuild process targeting institutional investors. The transaction, representing 2.5 per cent of ITC's equity, generated net proceeds of ₹12,900 crore. Following the sale, BAT's stake in ITC is expected to decrease to approximately 22.9 per cent. A day earlier, BAT had announced plans to divest part of its holding, stating it would remain a significant shareholder with a 23.1 per cent stake. At 2:44 PM, the FMCG index remained near its day's low, trading 1.31 per cent lower at 55,804.10. In contrast, the benchmark Nifty50 was down just 0.17 per cent, hovering at 24,784.50 level.
Time of India
27-05-2025
- Business
- Time of India
Nestlé India's outgoing CEO Narayanan weathered the Maggi storm; Tiwary must tackle slowing growth
Nestlé India's outgoing CEO Narayanan weathered the Maggi storm; Tiwary must tackle slowing growth Manish Tiwary (left) will be the MD of Nestle India on 1st of August 2025, Suresh Narayanan (right) current Chairman and MD of Nestle India; Collage by Mohommad Arshad Synopsis Come June 23, Nestlé India will be moved out of the Sensex 30 to Sensex Next 30. The company has remained flat for the last one year. It has even underperformed the Nifty FMCG Index in the past 5 years. The shift captures the woes faced by the company and the sector. An overall revival seems like a long-term story. PRAVIN PALANDE By VARSHA SANTOSH 8 Mins Read, May 28, 2025, 04:55 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close When the world's biggest food and beverages maker brings in a new chief executive to its Indian operations, some challenges come along. Nestlé, which successfully battled the Maggi image problem with Suresh Narayanan a decade ago, is now bringing in Manish Tiwary and he not only needs to fix the multi-year growth slowdown, but also convince index managers that the makers of KitKat chocolates deserve to be a part of the elite index. Nestlé India
Economic Times
27-05-2025
- Business
- Economic Times
What Nestlé India's Sensex exit means
Nestlé India is moving out of Sensex. Can it stay in investors' mind? Nestlé India has remained flat for the last one year. It has even underperformed the Nifty FMCG Index in the last five years. The shifting of the stock from Sensex 30 to Sensex Next 30 does capture some of the woes faced by the company and the sector. And an overall revival seems like a long-term story. ONGC squandered its future once. Can it be different this time? When India FONT SIZE SAVE PRINT COMMENT Refer & Earn
Bloomberg
20-02-2025
- Business
- Bloomberg
India's Consumer Stocks in Worst-Ever Worst Losing Run as Tax Cut Rally Fades
A tax-cut fueled rally in India's consumer staples shares has lost steam as investor focus reverts back to weak demand. The Nifty FMCG Index capped 13 consecutive sessions of declines on Wednesday, its worst losing streak on record. While the gauge jumped 3% on Feb. 1 after the federal government announced income tax cuts worth $12 billion, it's been falling since then as traders digest the policy move amid a wider selloff in Indian stocks.
