Commodity Online
MUMBAI: FMCG stocks continued sliding in the sinking market, as the sector remained under selling pressure due to profit bookings at the higher levels.

Sectoral index, BSE FMCG closed with a loss of over 1% at 2070 points, with all the FMCG majors trading in red during the closing trading hour on the Bombay Stock Exchange (BSE). Godrej Consumer Products Ltd (GCPL) traded low at Rs.140.50 with a loss of over 1%, while Marico Ltd and ITC Ltd recorded marginal losses at Rs.66.25 and 188 respectively with a fall of 0.38% and 0.19% respectively.

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Hindustan Unilever Ltd fallen the most with over 3% loss to Rs.225.30 after the company reported a meager rise of 3.68% in net profit to Rs.394.99 crore in January-March 2009 quarter over the corresponding quarter in the previous year. The company had announced the results before the market hours today.

The company has changed its accounting year, which will now be from April to March as against January to December earlier. The stock had fallen 3.28% over past one month, while over past one quarter; it had fallen by 10.73%. The company attributed the fall in its performance to recession.

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