Britannia, ITC: Bet on FMCG stocks as index poised to record historic peak

A new all-time high on Nifty FMCG index may trigger up to 25 per cent upside in selective stocks

Shares of major FMCG (Fast Moving Consumer Goods) companies are hitting new highs since the last few sessions, as market participants regain confidence in safe havens.  Barring CY2019, the FMCG index has reached new all-time high every year since its debut in 2011. 

In addition, with the exception CY2015 and CY2019, the index has closed every year higher than its previous year’s close. In CY2022, the index closed at 44,171 and is now up 4.20 per cent so far. The highest return was in 2012, the index delivered a whopping 48 per cent gain. 

ITC and Britannia Industries have recorded