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Momentumisers: Here's why Hindustan Foods is in focus

Updated : February 24, 2021 09:57 AM IST

Hindustan Foods share price has plunged over 4 percent in trade on Wednesday. The cereal breakfast company's stock price is looking at Rs 1,882 support as the 20-day moving average (DMA). The stock has fallen after five days of consecutive gain on the back of strong earnings supported by marquee clients in its contract manufacturing facilities and of course expectations on increase in contract manufacturing in the fast-moving consumer goods (FMCG) sector in general.

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