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HUL briefly surpasses ITC in market valuation

Press Trust of India  |  New Delhi 

Ltd (HUL) today briefly surpassed ITC in market ranking to become the fourth most valued firm.

The market capitalisation (m-cap) of HUL at 14:59 hrs stood at Rs 3,42,352 crore, while that of ITC was at Rs 3,40,987 crore during the same time on BSE.

However, at close of trade today, the m-cap of ITC stood at Rs 3,40,499.83 crore, which was Rs 831.15 crore more than that of HUL's Rs 3,39,668.68 crore

Shares of ITC fell by 2.43 per cent to end at Rs 279 on BSE. During the day, it lost 2.60 per cent to Rs 278.50.

HUL's share ended flat at Rs 1,569.25, down 0.31 per cent. Intra-day, it declined 0.88 per cent to Rs 1,560.30.

TCS is the country's most valued firm with a market of Rs 6,68,603.23 crore, followed by (Rs 5,98,797.23 crore), (Rs 5,26,510.85 crore), ITC and HUL in the top five list.

yesterday reported 9.86 per cent increase in standalone net profit at Rs 2,932.71 crore for the fourth quarter ended on March 31, 2018.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 17 2018. 20:50 IST
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