HUL 3rd most-valued firm

New Delhi, March 24

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Hindustan Unilever Limited (HUL) on Tuesday became the third most valued firm by market capitalisation, helped by jump in its share price.

The company’s scrip climbed 8.34 per cent to close at Rs 2,028.75 on the BSE. During the trade, it advanced 10.66 per cent to Rs 2,072.30.

The FMCG major’s market valuation rose by Rs 33,817.07 crore to Rs 4,39,188.07 crore, helping it take the third rank in the list of top companies by market capitalisation (m-cap).

On Monday, HUL informed the BSE that it has signed an agreement with Glenmark Pharmaceuticals to acquire its intimate hygiene brand ‘VWash’.

HUL was followed by HDFC Bank at fourth rank in the list, with a valuation of Rs 4,19,718.16 crore. — PTI