Business Desk: Bharti Airtel has left Jio Platforms behind in terms of market cap. On November 6, the company's shares closed 1.66% higher at ₹2,096.25. With this, the market cap of Airtel increased to ₹ 13.08 lakh crore.
Jio Platforms became the second largest listed company in the country with its listing on the stock exchange after its IPO of ₹30,213 crore on October 28. Now Airtel has again taken this place in its name.
The position of the country's most valuable company remains with Mukesh Ambani's Reliance Industries. According to BSE data as of November 6, the company's market cap stood at ₹17.83 lakh crore.
Market cap of top-5 companies of the country
After the market closed on November 6, the top-5 ranking of companies on BSE according to market value was as follows:
- First place: Reliance Industries – ₹17,83,723.93 crore
- Second place: Bharti Airtel – ₹13,08,165.03 crore
- Third place: Jio Platforms – ₹12,94,559.51 crore
- Fourth place: HDFC Bank – ₹12,14,530.78 crore
- Fifth place: ICICI Bank – ₹11,26,722.63 crore
In this way, the market cap of Airtel became more than that of Jio Platforms by about ₹ 13,605 crore. HDFC Bank is the largest private sector bank in the country.
Airtel shares rise after quarterly results
Bharti Airtel had released the results for the second quarter of the financial year 2026-27 on November 5. The company's consolidated net profit increased by about 31% year-on-year to ₹8,887.5 crore. It was ₹6,791.6 crore in the same quarter of the last financial year.
The company's consolidated revenue also increased by 16.7% to ₹60,878 crore. It was ₹52,145 crore in the September quarter a year ago.
Airtel's India mobile business revenue increased by 10.1% year-on-year. At the same time, the company's average revenue per user i.e. ARPU increased to ₹ 271. It was ₹256 in the same quarter last year.
ARPU shows how much the company is earning on average from each customer. This increase means that the company is getting more average revenue from its customers than before.
Stock market closed with gains for the seventh consecutive day
There was also a rise in the domestic stock market on 6 November. Sensex and Nifty closed with gains for the seventh consecutive trading day.
BSE Sensex closed at 81,028.02, up 1,718 points or 2.17%. At the same time, NSE Nifty 50 increased by 493.75 points or 2.01% and reached the level of 25,030.35.
However, not all stocks benefited from the market boom. Buying was seen in the shares of big companies, while the performance of midcap and smallcap stocks remained weak. Nifty Smallcap 250 index closed 0.85% lower. There was also a slight decline in Nifty Midcap 100.