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Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall

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FMCG shares are considered as defensive stocks

Avdhut Bagkar Mumbai
FMCG stocks are regarded as safe havens in turbulent times and recognized as a hedge against the falling investment. However, in order to find the right stock, one needs to be selective even in defensive sector. Since mid-February of this year, domestic markets have been on a roller coaster, with uncertainty making investors more anxious. 

While shares of Tata Consumer Products and Hindustan Unilever massively disappointed the street, Varun Beverages, ITC, Radico Khaitan and Britannia Industries have held their bull run intact. 

Barring one-third stocks of Nifty FMCG index, all others have slipped under the 200-day moving average (DMA). Selective

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First Published: Mar 16 2023 | 11:50 AM IST

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