HUL pips HDFC Bank to 3rd spot in market capitalisation; RIL remains on top

Consumer goods major is down 4.2% since Feb 20, against 33% fall of HDFC Bank

Hindustan Unilever (HUL), the country’s most valuable consumer goods maker, has overtaken HDFC Bank to become India’s third-most valuable firm in terms of market capitalisation. At Friday’s closing price, HUL’s market capitalisation was Rs 4.66 trillion, against HDFC Bank’s Rs 4.46 trillion. 

Reliance Industries and Tata Consultancy Services remained at the top with market capita­lisation of Rs 6.83 trillion and Rs 6.21 trillion, respectively. The Indian subsidiary of UK’s Unilever has been one the top performing stocks during the sell-off triggered by the global spread of the coronavirus disease (Covid-19). The firm’s market capitalisation had declined just 4.2 per cent since