HUL surpasses ITC in market cap ranking first time since February 2005

Hindustan Unilever (HUL), the fast moving consumer goods (FMCG) company, has surpassed ITC, the cigarettes major, in market capitalisation (market-cap) ranking after a gap of more than one decade.

HUL with Rs 3,424 billion market-cap overtook ITC, which have market-cap of Rs 3,415 billion at 02:59 pm; the BSE data shows. Earlier, on February 22, 2005, HUL had market-cap of Rs 319.72 billion and ITC had market-cap of Rs 318.74 billion, CapitalinePlus data shows.

Currently, HUL stands at number fourth position in overall market-cap ranking. Tata Consultancy Services (TCS) is at number one rank with Rs 6,733 billion