Bharti Airtel set to join Rs 2-lakh cr market-cap club after a 10-year gap

Bharti Airtel is set to join the elite league of corporate entities with a market value of over Rs 2 lakh crore after a gap of 10 years.

The stock surged 6% to Rs 501 on BSE in intra-day trade on Monday after the media reports suggested that the analyst at Morgan Stanley upgraded the recommendation on Bharti Airtel to overweight from equal-weight.

At 2:23 pm, the stock trading 5% higher at Rs 497, has outperformed the market in past two weeks. It soared 31% from Rs 379 on October 9, as compared to 2% rise in the benchmark S&P BSE Sensex.

Bharti Airtel, the telecom services provider, with the m-cap of Rs 198,650 crore is at number 12th position in overall m-cap ranking, the BSE data shows.  In intra-day trade, the m-cap of the company crossed Rs 2-lak crore mark to Rs 200,450 crore.

Bharti Airtel is set to re-enter in Rs 2-lakh crore m-cap club after a gap of 10-years. Earlier, on October 17, 2007, the company had m-cap of Rs 209,517 crore on closing level. It touched record high m-cap of Rs 213,824 crore on October 15, 2007, the CapitalinePlus data shows.

The company surpassed the four companies include Indian Oil Corporation (IOCL), Coal India, ICICI Bank and Larsen & Toubro (L&T) in overall m-cap ranking during past two weeks.

	Market price in Rs			Market-cap in Rs crore
Company	09/10/2017	LTP	% chg	09/10/2017	LTP	Gain
Bharti Airtel	379.40	497.20	31.05	151,661	198,650	46,989
IOCL	413.85	405.35	-2.05	200,962	196,834	-4,128
Coal India	281.45	289.90	3.00	174,708	179,953	5,245
ICICI Bank	271.85	263.60	-3.03	174,445	169,153	-5,292
Larsen & Toubro	1140.90	1132.70	-0.72	159,788	158,640	-1,148
LTP : Last traded price on the BSE at 02:16 PM