HUL, Dabur: Analysts bet on rural-focused FMCG stks amid Covid-19 lockdown

In the past month, HUL shares have gained 5 per cent, while Nestle (India) has risen 1 per cent in a falling market

Stock market has witnessed a brutal sell-off over the past one month owing to fears of serious economic dislocations in the wake of Coronavirus (Covid-19) pandemic. Stocks across-the-board, including the marquee large-cap names, have fallen like a pack of cards. However, there are a few outliers that have outperformed the market amid this crisis. Fast-moving consumer goods (FMCG) major Hindustan Unilever (HUL) is one such example. The stock hit a fresh lifetime high of Rs 2,324.45 on the BSE on Wednesday. 

In the past month, HUL shares have gained 5 per cent (as of Tuesday's close) while those of Nestle