A day earlier, ITC, one of the country’s largest diversified business group, had achieved the distinction of joining the elite group by crossing the 5 trillion market cap mark. On Friday, the group has achieved another record. The group has overtaken HDFC, the country’s largest home loan company, to become the country’s 7th largest valuable company. The share price of the FMCG company has reached a 52-week high of Rs 405.90 on Friday.

Left HDFC behind too

At the time ITC’s stock was trading at its 52-week high of Rs 405.90 on the BSE, the company’s market cap rose to Rs 5,04,453.24 crore. On the other hand, shares of HDFC are trading up 0.13 per cent at Rs 2745.55 per share. The market capitalization of the company is Rs 5,03,796.76 crore. The steady rise in ITC’s shares has helped the company enter the Rs 5 trillion market cap club. A day ago, ITC’s stock had reached its lifetime high of Rs 402.65 on NSE. The company’s shares were at their lifetime low of Rs 249.20 on May 12, 2022.

This company has joined the club of veterans like Tata, Ambani

This year there has been an increase of 22 percent.

Talking about the current year, ITC shares have seen a rise of about 22 percent. Whereas in the last one year, the stock of the company has seen a jump of 56 percent. The stock of the company has been reaching life time high for the last three days. If experts are to be believed, ITC’s cigarette and FMCG business is expected to post record double-digit earnings growth in FY24. Experts believe that ITC shares can see a boom for a long time.