 "HUL shares gain nearly 3%, m-cap rises by Rs 6,191 crore")
Shares of FMCG major Hindustan Unilever rose by nearly 3 per cent to hit its one-year high in intra-day trade today, becoming the 6th most-valued Indian firm in terms of market valuation.
The stock gained 2.68 per cent to end at Rs 1,095.40 on BSE. During the day, it went up by 2.99 per cent to Rs 1,098.70 -- its 52-week high.
On NSE, shares of the company rose by 2.65 per cent to close at Rs 1,095.35.
Following the gain in the stock, the company's market valuation surged Rs 6,190.86 crore to Rs 2,37,082.86 crore.
With this, the company became the sixth most-valued firm in terms of market capitalisation (m-cap) and stood ahead of SBI, ONGC, Infosys and Maruti in the top-10 list.
TCS is the most valued firm with a m-cap of Rs 5,02,626.61 crore, followed by RIL (Rs 4,31,953.08 crore), HDFC Bank (Rs 4,18,023.80 crore), ITC (Rs 3,82,156.67 crore) and HDFC (Rs 2,51,534.04 crore).
Hindustan Unilever Ltd has posted 6.19 per cent increase in standalone net profit to Rs 1,183 crore for the fourth quarter ended March 31, driven by robust sales across various business segments.
