Bharti Airtel overtakes Jio Platforms to reclaim title of 2nd most valuable company by market cap

Bharti Airtel on Friday, November 6, reclaimed the title of the country's second most valuable company by market valuation, overtaking Jio Platforms.

At market close, Bharti Airtel shares ended 2.45% higher at ₹2,107.20 per unit on the National Stock Exchange (NSE). During the day, the stock climbed as much as 3.1% to hit an intraday high of ₹2,120 per equity share.

However, the stock of the newly listed Jio Platforms dipped 0.80% to end at ₹1,406.40 per equity share on the NSE. Intraday, it declined 2.1% to touch a low of ₹1,388.10 apiece.

The market valuation of Bharti Airtel stood at ₹13.15 lakh crore, while that of Jio Platforms was ₹12.94 lakh crore, according to data on the NSE.

Jio Platforms Ltd, the Reliance Industries-backed digital services company, became the second most valuable Indian company by market valuation on October 28, following an impressive debut on Dalal Street.

Reliance Industries continues to remain the most valued domestic firm, with a market valuation of ₹17,86 lakh crore.

The top five in the market capitalisation (mcap) ranking are:

• Data: NSE (as of November 6, 2026)

Bharti Airtel Q2 results

Bharti Airtel posted a 9% quarter-on-quarter (QoQ) increase in its consolidated net profit to ₹8,887.5 crore for the July-September quarter of the 2026-27 financial year (Q2 FY27), compared with ₹8,167 crore in the previous quarter.

The company has registered a jump of 4% QoQ in its revenue from operations to ₹60,878 crore during the quarter under review, as against ₹58,539 crore logged in the first quarter of FY27 (Q1 FY27), driven by strong momentum in both India and Africa.