FMCG stocks gain; Nestle India, Britannia, Dabur, GSK Consumer hit new high

Nestle India, Marico, Godrej Consumer Products, Dabur India and GlaxoSmithkline Consumer Healthcare were up in the range of 3% to 7% on the BSE.

Shares of fast moving consumer goods (FMCG) companies were on a roll with Nestle India, Britannia Industries, Godrej Consumer Products, Dabur India and GlaxoSmithkline Consumer Healthcare have rallied up to 7%, hitting their respective new highs on the BSE in an otherwise subdued market.

At 10:47 am; the S&P BSE FMCG index was trading 0.57% higher at 12,563, as compared to 0.04% decline in the benchmark S&P BSE Sensex. The FMCG index hit a new high of 12,641 on the BSE in intra-day trade on Thursday.

Pratap Snacks (PSL) has rallied 20% to Rs 1,288 in intra-day deal,