In a positive trade today on April 15, 2020, BSE FMCG rallied to a high of 11,190.66, a rally of 4.5%.
This is on expectation that some of the major industries will again be reopened to stimulate economic activity.
Earlier Kolkata-based Britannia Industries said that it will resume in augmented capacity . Some of the stocks from the space that have rallied include Britannia, ITC, Avanti Feeds, Aprex Frozen, KRBL etc. These shares jumped between 4-11% in trade today.
Buying in these stocks is what is fuelling the rally.
Also, as per the scheme , trading in GlaxoSmith Kline will stop from April 16, 2020 post its merger with HUL.
Shareholders of GSK Consumer will receive 4.39 shares of Hindustan Unilever for every share held in the company.