NIfty FMCG - CNXFMCG - Long Term Analysis
FMCG Theme Consumption is the theme which has seen multi fold rise both in terms of market and market cap over last decade in India. FMCG with increasing infrastructure and logistics has been able to tap into the Rural demand of India to experience exponential growth in market size. This has been duly reflected in price movement of Nifty FMCG (CNX FMCG - used interchangably for SEO Purposes). Nifty FMCG - Monthly Price Movement Let us begin with understanding monthly chart for CNX FMCG over last two decades to study the price action: Nifty FMCG has risen by about ten times over last two decades, however, this increase has not been lateral, with two consolidation periods totaling eight years, the major rise has been during last nine years since late 2009 which was primarily fueled by the two heavy weights of CNX FMCG - Hindustan Unilever and ITC (Please bear in mind that the index gets rebalanced every six months so this is more of a continuing high weight age consi...