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Nifty MNC Stock Surged Over 100% During Last 2 Months

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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.

Nifty MNC Stock Surged Over 100% During Last 2 Months

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

1. 3M
2. Abbott
3. Ambuja Cements
4. Ashok Leyland
5. Bata India
6. Bosch
7. Britannia
8. Castrol
9. Colgate
10. Crisil
11. Cummins
12. GlaxoSmithkline
13. Hexaware Tech
14. Honeywell Auto
15. HUL
16. Kansai Nerolac
17. Maruti Suzuki\
18. Mphasis
19. Nippon
20. Nestle
21. Oracle Financial Service
22. P&G
23. Pfizer
24. Sanofi India
25. SKF India
26. United Spirits
27. Vedanta
28. Vodafone Idea
29. Whirlpool
30. Siemens

Rally in Nifty MNC stocks in 2 months since March lows

Vodafone Idea 155%
Britannia 65%

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.

 

GoodReturns.in

Read more about: nifty vodafone idea britannia
Story first published: Tuesday, June 2, 2020, 8:45 [IST]
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