The Nifty FMCG Index plunged nearly 3%, its steepest single-day drop in 28 months after HUL’s second-quarter results missed expectations, disappointing investors. Analysts anticipate continued margin pressure for consumer companies in the near term due to rising raw material costs and weak urban demand.
Stocks to buy: Vodafone Idea, IRCTC and HAL on investors’ radar
Benchmark indices fell over 1% due to ongoing foreign fund withdrawals and new US tariffs. Stocks like Vodafone Idea, IRCTC, and HAL saw declines of
February 12, 2025