Bharti Airtel overtakes Jio Platforms as India's 2nd-most valuable company
Bharti Airtel has overtaken Jio Platforms to grab the spot as India's second-most valuable listed company.
On November 6, Airtel's market value jumped to ₹13.15 lakh crore after its shares rose nearly 2.5%.
Reliance Industries still holds the top spot at ₹17,86,295 crore.
This shake-up comes during a week-long rally that's been lifting Indian markets overall.
Airtel net profit rises 31% YoY
Airtel is on a roll thanks to strong financials last quarter: net profit shot up 31% year-on-year to ₹8,887.5 crore, and India mobile revenue grew 10.1% YoY.
The average revenue per user hit ₹271, showing people are spending more on their phone plans.
Plus, key stock indices like Nifty 50 and Sensex have also been climbing, reflecting growing confidence in India's economic comeback even with global uncertainties in the mix.