Breakout stocks: Dabur, ITC top FMCG picks; can gain up to 13%, charts show

Technical outlook on FMCG stocks: Dabur and ITC look stronger on charts compared to its peers HUL, Marico and Godrej Consumer Products.

FMCG stocks were the star performers in an otherwise slippery market on Tuesday with the NSE Nifty FMCG index surging 2 per cent to 55,766, closing at its highest level since January 19, 2024. On Wednesday, the FMCG index extended gain and was up 0.2 per cent.
 

Among individual stocks, Marico zoomed nearly 10 per cent on future growth optimism. Godrej Consumer, Dabur and Hindustan Unilever also rallied over 5 per cent each yesterday. READ MORE

The buying at these counters was attributed to higher volume growth and prospects of a good monsoon.

According to the NielsenIQ January-March