Bharti Airtel reclaims 2nd spot in mcap rankings, overtakes Jio Platforms
Bharti Airtel secured new business with October 28 in focus.
· BS Companies, Business Today Mkts
Bharti Airtel on Friday reclaimed the title of the country's second most valuable company by market valuation, overtaking Jio Platforms. At market close, Bharti Airtel shares ended 1.66 per cent higher at Rs 2,096.25 on the BSE. During the day, the stock climbed 2.81 per cent to Rs 2,120. However, the stock of Jio Platforms dipped 0.90 per cent to end at Rs 1,405.75.
Key facts
- Dates in focus
- October 28
The analysis
Bharti Airtel reported Rs 2,096.25, Rs 2,120 and Rs 1,405.75, with movement of 2%, 1.66% and 2.81% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +2.5% on the day at ₹2,107.20, and has returned +8.2% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The telecom & media sector has moved +1.7% over the same period, so Bharti Airtel is running 6.5 points ahead of its peers.
For Bharti Airtel, the question is how much of this is already reflected in the price and how much re-rates the telecom & media peer set alongside it.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: Bharti Airtel (BHARTIARTL), in Telecom & Media.
- On the day, 2 of 2 are higher: Bharti Airtel leads at +2.5% and Reliance Industries trails at +0.5%.
- Over three months: Bharti Airtel +8.2% against Telecom & Media +1.7% (6.5 points ahead); Reliance Industries -0.4% against Oil & Energy -2.2% (1.8 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Bharti AirtelBHARTIARTL · Telecom & Media | ₹2,107.20 | +2.5% | +16.4% | +8.2% | -2.6% | 1.7× | — |
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,320.00 | +0.5% | +8.4% | -0.4% | -17.1% | 1.1× | — |
Telecom & Media
1M +1.6% · 3M +1.7%
Bharti Airtel
Oil & Energy
1M +1.3% · 3M -2.2%
Reliance Industries
Prices as of 6 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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