Bharti Airtel has once again become the second largest company in the country, overtaking Jio.

Bharti Airtel has once again become the second largest listed company in India. The company has overtaken the Jio platform in terms of market cap. After listing on the stock market on October 28, the Jio platform moved to the second position. The IPO of the company was Rs. 30,213 crores. However, Mukesh Ambani’s Reliance Industries is the largest listed company in the country. On November 6, the market cap of Reliance Industries was Rs 17.86 lakh crore. At the same time, Bharti Airtel’s market cap has grown to Rs 13.14 lakh crore. On the day, the company’s shares rose nearly 2.5% to Rs. closed at 2,107.

On the other hand, the market cap of Jio platform remained at Rs 12.95 lakh crore. In this list HDFC Bank Rs. 12.16 lakh crore with a market cap of 4th place and ICICI Bank with Rs. 11.28 lakh crore with a market cap of 5th place.

Impact of Airtel’s excellent quarterly results

Bharti Airtel achieved this feat a day after announcing its September quarter results. The company performed well in the second quarter of the financial year 2026-27. During the period, its consolidated net profit grew by 31% year-on-year to Rs. 8,887.5 crores. In the same quarter last year, the company posted Rs. 6,791.6 crore profit was made.

The company’s revenue from mobile business in India also increased by 10.1%. At the same time, Average Earnings per User i.e. ARPU increased to Rs. 271 has been done. In the September quarter last year, it was Rs. was 256. Increasing ARPU means that the company is making more money from each customer than before. Apart from this, the company’s EBITDA also increased by 17.8% year-on-year to Rs. 35,240 crores. In the same period last year it was Rs. 29,919 crores.

A huge jump in the stock market as well

On November 6, the Indian stock market also saw a good surge. Sensex and Nifty closed higher for the seventh consecutive trading session. The BSE Sensex closed up 1,718 points or 2.17% at 81,028. At the same time, the NSE Nifty rose 494 points or 2.01% to 25,030. The rise comes at a time when US and Asian markets are witnessing a sell-off in technology stocks. Foreign markets were under pressure due to concerns over artificial intelligence (AI) related investments, but Indian markets showed strength.