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FMCG stocks see surge in foreign investment in first half of March

[ad_1] Mumbai: Foreign investors gorged on FMCG (fast-moving consumer goods) stocks in the first half of March, with net purchases touching a four-year high of ₹11,180 crore, according to data from National Securities Depository Ltd (NSDL). Comparatively, the figure was ₹662 crore in the same period last year. Sovereign wealth fund GIC’s (Government of Singapore Investment Corporation) ₹3,664.1-crore purchase of 91.5 million shares of ITC, offloaded by British American…

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