HUL joins Rs 4 trillion market cap league, stock hits new high

Since October 12, 2018, post Q2FY19 results, the stock of HUL has outperformed the market by surging 21%, against 5.4% rise in the Nifty50 index.

Hindustan Unilever (HUL) entered India's elite club of Rs 4-trillion market capitalization (market-cap), as its share price hit a new high of Rs 1,855 on the National Stock Exchange (NSE) on Wednesday.

HUL closed 2.2% higher at Rs 1,848.10 with the market-cap of Rs 4 trillion. The company stood at number four position in the overall market-cap ranking. Tata Consultancy Services (TCS) leads the chart, with Rs 7.53 trillion market-cap, followed by Reliance Industries (Rs 7.32 trillion) and HDFC Bank (Rs 5.71 trillion).

HUL was up 6% in past three trading days, after the FMCG firm on Monday