stock market today It has been almost two and a half years since the outbreak of the Kovid-19 pandemic. However, a good number of stocks are still trading below pre-pandemic levels, despite a strong rebound by the Indian equity markets after the Covid-19 swell. But, some FMCG stocks like Britannia, ITC, Marico, Nestle etc have managed to gain pre-covid highs and are now quoted above pre-pandemic levels.
Here we list 5 FMCG stocks that are trading above pre-COVID levels:
1]ITC: In January 2020, ITC share price was around 235 at each level and it has seen a huge beating after the outbreak of covid and touched the low of the bandh 158.25 per share level in NSE. However, following a strong rebound in the Indian stock market following the Covid sell-off, ITC stock remained a bears sell favorite on the growth stock till February 2022. However, from the last week of February 2022, ITC share price has increased from approx. from 213 270 level, registering an increase of about 27 percent in these four months time. Looking at the ITC share price in pre-covid times, the stock has surged from 235 270, nearly 15 percent above its pre-Covid levels.
2]Marico: In January 2020, marico share price High built around the closing 350 on NSE while Marico share price is around today 485. This means that this FMCG stock is trading around 40 per cent above its pre-covid high. After the outbreak of the Covid-19 pandemic, Marico’s stock price hit a low of Rs. 255.90 per share. However, after a strong rebound after the pandemic, Marico’s stock price hit a new lifetime high. 607.70 in October 2021. After that, selloff started in FMCG stock and Marico share price hit an 852-week low. 455.65 January 2022. However, at these levels, the stock started discounting buying and the stock started rising above its 52-week low. However, the stock remains sideways after hitting a 52-week low.
3]Britannia: In January 2020, the stock price of Britannia hit its closing high of around . done 3192 per equity share. This FMCG stock lowered its closing levels when the Covid-19 sell-off started 2467 level, a decline of about 23 per cent from its pre-Covid high. However, over the past two years, Britannia’s share price has risen to 3436 level, a jump of 40 per cent from post-Covid lows and nearly 8 per cent above anti-Covid highs.
4]Nestle: This FMCG stock almost turned higher pre-covid 15,755 per share in January 2020. After the outbreak of the Kovid-19 pandemic, Nestle’s share price even recovered 14,145 each level. However, if we look at the share price of Nestle today, it is quoting at 16,950, which is about 7.50 per cent higher than its pre-Covid high.
5]Dabur: In Jan 2020, this FMCG stock made its pre-covid high Dabur share price is today at 500 level on NSE 505, slightly higher than its pre-Covid high.