FMCG stocks are typically known as defensives and usually attract investors’ attention amid strong demand led by a good monsoon, fall in commodity prices as well as the festive season.
MCX shares gain 3%, surge 12% in just 5 sessions. What’s behind the sharp rally?
MCX shares rose sharply on Wednesday, extending a five-day rally with total gains of 12%. The surge is driven by rising commodity prices and higher