Vodafone Idea, Britannia: Stocks of MNCs zoom up to 144% in two months

The outperformance of MNCs has seen 19 such stocks grab a spot in the top 100 list of companies by m-cap, compared to 14 firms as on Jan 20, 2020, when the benchmark indices hit their all-time high.

Over the past two months, stocks of multinational companies (MNCs) have outrun the broader markets by gaining up to 144 per cent. The Nifty MNC index has gained 31.4 per cent from its March low, against 31.1 per cent rise in the Nifty50 index. Even on a year-to-date basis, the fall in the Nifty MNC index at 7.7 per cent is less than the Nifty50 index, which slipped 17.9 per cent during this period. 

Vodafone Idea, Oracle Financial Services, Sterlite Technologies, Vedanta, Britannia Industries, Bata India, Honeywell Automation, Maruti Suzuki India, and United Spirits from the Nifty MNC index have