Consumer goods companies continue to lose out to other sectors on bourses

Their weighting on the benchmark Nifty50 has fallen to 15%, an 11-year low

Consumer goods companies continue to lose out to other sectors on the bourses, with the combined weighting of automobile companies and fast-moving consumer goods (FMCG) firms in the Nifty50 hitting an 11-year low.
 
Their weighting has decreased to 15.3 per cent from 18.7 per cent three years ago and from a high of 24.1 per cent in 2016.
 
Automobile manufacturers such as Maruti Suzuki, Bajaj Auto, Hero MotoCorp, and Eicher Motors have been hit the most as investors have turned to other sectors in search of better returns.
 
The country’s top six automakers that are part of