ITC Briefly Dethrones Hindustan Unilever To Become No. 1 Consumer Stock
NDTV
The Kolkata-based company saw its valuation jump above Rs 6.1 trillion for the first time ever, surpassing Hindustan Unilever's Rs 6.09 trillion.
Asia's largest cigarette maker ITC briefly reclaimed its position as India's most valuable fast-moving consumer goods stock on Monday after ousting Hindustan Unilever (HUL) from the spot.
The Kolkata-based company, which primarily makes money by selling cigarettes but also holds interests in hotels, paper, and consumer staples industries, saw its valuation jump above Rs 6.1 trillion ($74 billion) for the first time ever during the session on Monday, surpassing Hindustan Unilever's Rs 6.09 trillion, before settling lower at Rs 5.9 trillion.
The cigarette maker has rallied more than 60% in the last 12 months to outperform all other Nifty 50 stocks.
