Foreign investors cut stakes in FMCG firms as soaring input cost threatens Q4 earnings

Foreign investors cut stakes in FMCG firms as soaring input cost threatens Q4 earnings

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Foreign investors lowered their investments in FMCG firms in the March quarter as earnings could be blazed by simmering raw material prices.
The foreign institutional investors (FIIs) cut down their holdings in Hindustan Unilever to 12.67 percent, bringing it to the lowest level since March 2020, down from 13.65…
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Source: https://www.moneycontrol.com/news/business/earnings/foreign-investors-cut-stakes-in-fmcg-firms-as-soaring-input-cost-threatens-q4-earnings-12708559.html/amp