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Nifty FMCG falls 5% in one month, Nirmal Bang expects no visible signs of uptick before FY20

Updated : December 04, 2019 10:16 AM IST

Nifty FMCG has declined nearly 5 percent in the past one month, while the Nifty50 index has risen 1.52 percent during the same period.
Most companies from the sector have reported a dip in volume growth this quarter.
GlaxoSmithKline Consumer and Hindustan Unilever have slipped 2 percent each this quarter.
Nifty FMCG falls 5% in one month, Nirmal Bang expects no visible signs of uptick before FY20

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