Shares of Bharti Airtel rose nearly 2.5% to close at Rs 2,107 during trading on November 6. It is now a bigger company than Jio Platforms in terms of market cap
Bharti Airtel overtakes Jio platforms in mcap rankings: Bharti Airtel has again become India’s second largest listed company in terms of market capitalization. It is now a bigger company than Jio Platforms in terms of market cap. After the IPO of Rs 30,213 crore, Jio had a bumper listing on the stock market on October 28 and was then second in terms of market cap. But now Airtel has taken the second place behind it.
Shares of Bharti Airtel rose nearly 2.5% to close at Rs 2,107 during trading on November 6. Due to this, the market capitalization of the company on NSE became Rs 13,14,998 crore. Compared to this, the market capitalization of Jio Platforms is Rs 12,95,158 crore. In this new ranking, HDFC Bank is at the fourth position with a market capitalization of Rs 12,16,460 crore. It is followed by ICICI Bank in the fifth position, whose market capitalization is Rs 11,28,302 crore.
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Bharti Airtel is now a bigger company than Jio Platforms in terms of market cap. After the IPO of Rs 30,213 crore, Jio had a bumper listing on the stock market on October 28 and was then second in terms of market cap. But now Airtel has taken the second place behind it. At the same time, Mukesh Ambani-led Reliance Industries remains at number one with a market capitalization of Rs 17,86,295 crore.
