Question
________has surpassed Hindustan Unilever (HUL) to
become the most-valuable fast-moving consumer goods (FMCG) stock after a gap of more than four years & has joined the elite group of companies having market valuations in excess of Rs 6 trillion.Solution
ITC, the cigarettes-to-hotels conglomerate, surpassed Hindustan Unilever (HUL) to become the most-valuable fast-moving consumer goods (FMCG) stock after a gap of more than four years. ITC has joined the elite group of companies having market valuations in excess of Rs 6 trillion. After surpassing HUL in market capitalization (market cap) ranking, ITC entered into the top five most valuable companies list with a market cap of Rs 6.14 trillion. With Rs 6.09 trillion market cap HUL slipped to sixth position in the overall ranking.
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