Hindustan Unilever (HUL), the personal care giant, is back in the top 10 ranking in terms of market capitalisation (m-cap) after a gap of more than three years.
HUL hit historic high of Rs 496 today, toppled ICICI Bank to become the country's 10th most valued firm in terms of market capitalization.
The fast moving consumer goods (FMCG) company having market capitalisation of Rs 109,864 crore entered into elite club, pushing the private sector bank out of the top-10 list following a sharp rise in its share price after reported a better-than-expected in first quarter profit.
HUL scrip was in limelight, rallied 12% since July 23, after its net profit surged over two-fold to Rs 1,331 crore for the quarter ended June 30, 2012, due to an exceptional income of Rs 607 crore from sale of properties.
Earlier, in March 2, 2009, HUL found place on the list with m-caps of Rs 54,179 crore. HUL outperformed the Sensex during the past one year gaining 57% as compared to 2.4% rise in the benchmark Sensex.
ICICI Bank with Rs 108,932 crore m-cap, currently stands at number eleventh position ahead of HDFC having m-cap of Rs 104,192 crore.
