Hindustan Unilever surges 5%, hits new high; m-cap nears Rs 5 trillion

Analysts believe the company's focus on innovation and market development will help the company in achieving sustainable volume and value growth going forward.

Shares of the fast moving consumer goods (FMCG) giant Hindustan Unilever (HUL) rallied 5 per cent and hit a new high of Rs 2,259 on the BSE on Wednesday. The stock surpassed its previous high of Rs 2,204 recorded on February 4, 2020.

With today’s gain, HUL has outperformed the market by surging 11 per cent thus far in February. In comparison, the S&P BSE Sensex was up 2 per cent, while the sector index S&P BSE FMCG slipped 0.06 per cent during the same period.

A sharp rally in stock price has seen the market capitalisation (m-cap)