After a tumultuous stock market rout on account of coronavirus witnessed on the headline Indian indices in March end, indices have recovered sharply.
And one index, that has outpaced indices is the Nifty MNC index with gains of almost 30% since March sell-off.
And even as the lockdown remains in force since then Nifty MNC which is constituted by 30 stocks primarily from the FMCG space, there has been seen a surge in stock price of all the stocks.
Nifty MNC constituents
3. Ambuja Cements
4. Ashok Leyland
5. Bata India
13. Hexaware Tech
14. Honeywell Auto
16. Kansai Nerolac
17. Maruti Suzuki\
21. Oracle Financial Service
24. Sanofi India
25. SKF India
26. United Spirits
28. Vodafone Idea
Rally in Nifty MNC stocks in 2 months since March lows
Vodafone Idea 155%
Others including the likes of Abbott India, Colgate, GlaxoSmithKline Pharmaceuticals, Honeywell Automation, Maruti Suzuki, Mphasis, Nestle, Sanofi India, and United Spirits have rallied 28-45%.
What has helped these MNC stocks to outshine domestic names?
Strong origin, cash-surplus stance, good dividend policy as well as asset light model has helped these companies to outshine others in the domestic industry.