New Delhi: The country’s leading FMCG company Indian Tobacco Company (ITC) has left Hindustan Unilever behind to be the largest player in the sector. ITC has overtaken Hindustan Unilever Limited (HUL) after four years.
Last week, ITC joined the list of companies that have 6 trillion valuations, subsequently, it entered the list of top 5 companies in the country. Whereas, HUL has slipped to the sixth position with a market cap of 6.09 trillion.
Meanwhile, the share of HUL, today declined in early trade, in the last five days, the stock of the company has seen a decline of more than 4 per cent.
However, in the meantime, the shares of ITC are continuously rising. The company’s stock has seen a jump of 3.75 per cent in the last five days.
Whereas in the last 10 days, the stock of the company has seen a gain of more than 10 per cent. If we talk about the last 6 months, then the stock of the company has seen a jump of more than 44 per cent.
In May 2019, the market cap of ITC was Rs 3.64 trillion, while that of HUL was Rs 3.62 trillion. It is worth noting that ITC is the largest cigarette maker in the country. The company is also in the business of FMCG and Hotels. The company manufactures biscuits, noodles, snacks, chocolates, dairy products, etc.
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