FMCG stocks shine (The Hindu Business Line 8th Jan 2008)There seems to be a reversal of fortune happening in the fast moving consumer goods sector with the BSE-FMCG index hitting its 52-week high on Monday. While the benchmark index went up by 0.61 per cent on Monday, BSE-FMCG index surged by 3.30 per cent, ending up being the highest gainer for the day. This sector, which was in disfavour with investors for more than a year now, seems headed for better days. Among indices, the BSE-FMCG gained the maximum over the week reporting a rise of 7.95 per cent. The Sensex itself went up by 2.59 per cent during this period. More
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