HUL becomes most valued FMCG firm in m-cap, surpasses ITC

Hindustan Unilever Ltd (HUL) today went past ITC in market valuation to become the most valued FMCG firm.

At close of trade today, HUL commanded a market capitalisation (m-cap) of Rs 3,47,212.06 crore, which was Rs 2,867.88 crore more than that of ITC's Rs 3,44,344.18 crore valuation.

With this, HUL also became the fourth most valuable Indian company.

HUL was the top gainer among the 30-Sensex scrips.

HUL yesterday briefly surpassed ITC in market valuation ranking to become the fourth most valued firm.

Shares of HUL rose by 2.22 per cent to end at Rs 1,604.10 on BSE. Intra-day, it jumped 2.45 per cent to Rs 1,607.85.

ITC's shares ended 1.13 per cent higher at Rs 282.15. During the day, it rose by 2.29 per cent to Rs 285.40.

Tata Consultancy Services is the country's most valued firm with a valuation of Rs 6,70,450.51 crore, followed by Reliance Industries Ltd (Rs 5,91,353.05 crore), HDFC Bank (Rs 5,22,745.23 crore), HUL and ITC in the top five list.

Diversified group ITC Ltd on Wednesday 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.

FMCG major Hindustan Unilever Ltd (HUL) earlier this week reported 14.2 per cent increase in standalone net profit to Rs 1,351 crore for the fourth quarter ended March 31.