Bharti Airtel surpasses HDFC to become 5th most valuable listed company

Thus far in the calendar year 2020, Bharti Airtel has outperformed the market by surging 17 per cent as compared to a 33 per cent decline in the HDFC stock price & 24 per cent fall in the S&P Sensex.

Bharti Airtel on Wednesday became the fifth most valuable listed company in terms of market capitalisation (m-cap) after the stock surged 16 per cent during the past three days on expectation of good Q4 earnings. The telecom service provider has surpassed mortgage lender Housing Development Finance Corporation (HDFC).

At 12:53 pm, Bharti Airtel was at number five in the m-cap ranking with Rs 2.90-trillion market-cap, pipping HDFC that was standing at sixth position with a m-cap of Rs 2.81-trillion market-cap, the exchange data shows.

Bharti Airtel has achieved this feat after a gap of more than five years. Earlier, on October 27,