BSE FMCG index nears 52-week low; Dabur, Godrej Consumer slips up to 9%

HUL hit a fresh 52-week low of Rs 1,942, down 4% in intra-day trade today. The stock has tanked 15% in the past two weeks.

Shares of fast moving consumer goods (FMCG) companies continued to reel under pressure with most of the frontline stocks from the sector trading at their respective 52-week lows as operating environment in the near-term is likely to remain challenging due to rising commodity inflation.

Godrej Consumer Products plunged 9 per cent, while Emami and Dabur India slipped 7 per cent and 6 per cent, respectively, on the BSE in Monday’s intra-day trade. Britannia Industries, Procter & Gamble Hygiene & Health Care, CCL Products, Marico and Hindustan Unilever (HUL) were down between 4 per cent and 5 per cent on the