Jyothy Labs rallies 9%, hits 4-year high in weak market

Notwithstanding the lockdowns due to the second wave of Covid-19 pandemic, the FMCG sector grew by 36.9 per cent in the April-June quarter of 2021.

Shares of Jyothy Labs hit over four-year high of Rs 218 as they rallied 9 per cent on the BSE in Thursday's intra-day trade, bucking the overall market wakness. The stock was trading at its highest level since June 2018. It had hit a record high of Rs 249 on June 29, 2018. In comparison, the S&P BSE Sensex was down 0.61 per cent at 60,696 at 12:12 PM.

Jyothy Labs is primarily in home care and personal care segments which constitute 50 per cent of the Indian FMCG industry. The company operates across the fabric care, dish wash,