Bharti Airtel reclaims No. 2 spot among India's most valuable companies, overtakes Jio Platforms
Bharti Airtel has reclaimed its position as India's second-most valuable listed company, overtaking Jio Platforms with a market capitalisation of Rs 13.15 lakh crore. The development follows a 31% year-on-year rise in Q2 net profit and comes amid a strong rally in benchmark indices for a seventh consecutive session.
Bharti Airtel has reclaimed its position as India's second-largest listed company by market capitalization, surpassing Jio Platforms. Reliance Industries, led by Mukesh Ambani, remains at the top spot. Bharti Airtel's market capitalization increased to Rs 13,14,998 crore, while Jio Platforms' dropped to Rs 12,95,158 crore. HDFC Bank secured the fourth position with a market capitalization of Rs 12,16,460 crore.
Bharti Airtel's performance came after a significant rise in its Q2FY27 net profit, increasing by 31% YoY. The telecom operator's growth was supported by a 10.1% YoY increase in India mobile revenue and improved average revenue per user. The broader market rally contributed to Bharti Airtel's gains, with major indices continuing their seven-day winning streak. However, the rally was not widespread, with some sectoral indices underperforming.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Bharti Airtel reclaims 2nd spot in mcap rankings, overtakes Jio Platforms business-standard.com
