Bharti Airtel has reclaimed its position as India’s second most valuable company by market capitalisation, overtaking Jio Platforms. Airtel’s market value stood at ₹13.08 lakh crore, compared with Jio Platforms’ ₹12.94 lakh crore.
New Delhi, November 6 — Bharti Airtel on Friday reclaimed its position as India’s second most valuable company by market capitalisation, overtaking Reliance Industries-backed Jio Platforms.
At the close of trading, Bharti Airtel shares gained 1.66% to settle at ₹2,096.25 on the BSE. During intraday trade, the stock climbed as much as 2.81% to ₹2,120.
In contrast, shares of Jio Platforms declined 0.90% to close at ₹1,405.75. The stock had fallen as much as 2% during the session to touch an intraday level of ₹1,390.
The movement in the two stocks pushed Bharti Airtel’s market valuation to ₹13.08 lakh crore, while Jio Platforms’ market capitalisation stood at around ₹12.94 lakh crore.
Reliance Industries remains No. 1
Despite the change in the second position, Reliance Industries Ltd (RIL) continues to remain India’s most valuable listed company.
Reliance Industries had a market valuation of around ₹17.84 lakh crore, significantly ahead of both Airtel and Jio Platforms.
The top five Indian companies by market capitalisation, according to the source, are:
Reliance Industries: ₹17.84 lakh crore
Bharti Airtel: ₹13.08 lakh crore
Jio Platforms: ₹12.94 lakh crore
HDFC Bank: ₹12.15 lakh crore
ICICI Bank: ₹11.27 lakh crore
Jio Platforms had become India’s second most valuable company on October 28, following its strong stock market debut.
Airtel’s latest share-price rally has now allowed the telecom operator to regain the second position.
Airtel profit jumps 24%
The rise comes after Bharti Airtel reported strong financial results for the September quarter.
The telecom operator reported a 24% increase in consolidated profit to ₹10,710 crore for the second quarter ended September 2026.
The company had reported a profit of ₹8,651 crore in the corresponding quarter a year earlier.
According to the company, higher average revenue per user (ARPU) following changes in mobile tariffs contributed to the improvement in profitability.
The latest market-cap reshuffle highlights the close competition between India’s two major telecom and digital businesses as investors track subscriber growth, tariffs, profitability and expansion in digital services.
