Bharti Airtel reclaims No. 2 spot among India's most valuable companies, overtakes Jio Platforms

The Economic Times · Kumar Gaurav · 2026-11-06 11:20 UTC

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.

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Shares of Bharti Airtel rose nearly 2.5% to settle at Rs 2,107 apiece on November 6, taking the company's market capitalisation to Rs 13,14,998 crore on the NSE. In comparison, Jio Platforms had a market capitalization of Rs 12,95,158 crore. The latest ranking places HDFC Bank, India's largest private sector lender, at the fourth position with a market capitalization of Rs 12,16,460 crore. ICICI Bank followed in fifth place with a market capitalization of Rs 11,28,302 crore.

Airtel's return to the second position comes a day after the telecom operator announced its September-quarter results, reporting a 31% year-on-year (YoY) increase in consolidated net profit. The company's net profit rose to Rs 8,887.5 crore in Q2FY27 from Rs 6,791.6 crore in the corresponding quarter of the previous fiscal.

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