Bharti Airtel regains No. 2 spot in market value
In short
Bharti Airtel regained the No. 2 spot among India’s most valuable companies on Friday. Its shares ended 1.66% higher at Rs 2,096.25, after rising as much as 2.81% during the day. Jio Platforms fell 0.90% to Rs 1,405.75.
The shift matters because it changed the market-value ranking between the two companies, with Airtel ending at Rs 13 lakh crore and Jio Platforms at Rs 12.94 lakh crore.
What the reporting says
Bharti Airtel on Friday reclaimed the country’s second-most valuable company spot by market valuation, overtaking Jio Platforms. Bharti Airtel shares closed 1.66% higher at Rs 2,096.25 on the BSE after touching Rs 2,120 intraday, while Jio Platforms ended 0.90% lower at Rs 1,405.75. The move left Bharti Airtel valued at Rs 13 lakh crore versus Jio Platforms at Rs 12.94 lakh crore.
Why it matters
Bharti Airtel on Friday moved back above Jio Platforms in India’s market-cap ranking after its stock rose and Jio Platforms fell. Airtel closed at Rs 2,096.25, while Jio Platforms ended at Rs 1,405.75. The change matters for investors tracking telecom and large-cap valuations, as it reshuffles the top end of India’s listed-company leaderboard.