INSUBCONTINENT EXCLUSIVE:
HUL became the fourth company to cross the threshold, after Reliance Industries, Tata Consultancy Services and HDFC Bank.
The stock has
rallied 30% in the last 10 trading sessions to hit its alltime high of ?2,462.90 on Tuesday as a result of smart money moving out of
on Tuesday to ?5.29 lakh crore, making it the first consumer company to cross the ?5 lakh crore m-cap mark
It currently trades at 77 times its trailing 12 months earnings and 62 times its FY2021 estimated earnings.
In the current volatile market
tends to move from the weaker sectors to defensive sectors and it is evident from the share prices of some of the FMCG stocks like HUL
crore in m-cap.
With the closure of the merger of GlaxoSmithKline Consumer Healthcare with itself, HUL is set to become the biggest food
