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ITC stock all time high: FMCG sector giant ITC (ITC) is known for its all-round performance in the stock market. A lot of upheaval in the price of its shares is seen on rare occasions. Investors of the stock market prefer it to give constant returns (ITC Stock Return). Now it has made a new record in the stock market. In Tuesday’s trading, ITC Share Price jumped to a new peak and with this the value of ITC (ITC Mcap) exceeded that of Infosys MCap.
2 companies behind in two days
ITC’s stock closed at Rs 410.55, up 0.5 per cent on Tuesday. At one point of time during the trading this stock had reached the level of Rs 413.45. This is the new all-time high level of ITC stock. With this, ITC has become the sixth largest listed company in India in terms of market cap. ITC has now left behind the veteran IT company Infosys in this matter. Earlier on Friday, ITC left behind HDFC (HDFC MCap).
Multibagger Returns in 3 Years
ITC shares have also performed well in the recent past. It has given an excellent return of 61 per cent during the last one year. This stock has given 129% return in the last three years. Thus, ITC stock has proved to be a multibagger return provider in the last three years and has more than doubled its investors’ money during this period.
Market cap has become so much
ITC’s mcap has increased so much in the last two sessions that it has jumped two places in the list of largest listed companies. Currently, ITC’s mcap is Rs 5.12 lakh crore, while Infosys’s market value is Rs 5.11 lakh crore and HDFC’s market capitalization is Rs 5.09 lakh crore. These figures are after the market closed on Tuesday.
These 5 companies ahead of ITC
In terms of market capitalization, Reliance Industries remains number one with a long distance. Its mcap is currently Rs 15.93 lakh crore. On the other hand, TCS, the flagship company of the Tata group and the country’s largest IT company, is the second most valuable company with an MCAP of Rs 11.66 lakh crore. HDFC Bank is at the third position with a value of Rs 9.36 lakh crore, while ICICI Bank is at the fourth position with a value of Rs 6.38 lakh crore. Hindustan Unilever of FMCG sector is also a company with more value than ITC, whose current market cap is Rs 5.86 lakh crore.
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