Bharti Airtel Surpasses HDFC Bank as India's 2nd Most Valuable Company
Bharti Airtel Overtakes HDFC Bank To Become India’s 2nd Most Valuable Company

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Bharti Airtel has overtaken HDFC Bank to become the second most valuable company in India, with a market capitalization of ₹11.90 lakh crore. This shift occurred as Airtel's shares rose over 2% intraday, while HDFC Bank's shares struggled following the resignation of its chairman amid governance concerns.
- 01Bharti Airtel's market cap reached ₹11.90 lakh crore, surpassing HDFC Bank's ₹11.86 lakh crore.
- 02Airtel shares increased by 10% over the past week, contrasting with HDFC Bank's 1% gain.
- 03HDFC Bank's shares have declined by 22% over the last six months due to governance issues.
- 04HDFC Bank reported a net profit of ₹19.12 billion for FY26, a 10.9% increase from the previous year.
- 05Airtel's consolidated net profit fell by 34% YoY for Q4 FY26, totaling ₹7,325 crore.
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Bharti Airtel has officially surpassed HDFC Bank to become India's second most valuable company, achieving a market capitalization of ₹11.90 lakh crore on the Bombay Stock Exchange (BSE). This milestone was reached as Airtel's shares rallied over 2% intraday, while HDFC Bank's shares struggled, reflecting a mere 1% increase over the same period. The decline in HDFC Bank's stock is attributed to the recent resignation of its part-time chairman, Atanu Chakraborty, amid governance concerns, leading to a 22% drop in shares over the past six months. In contrast, Airtel's shares have surged by 10% in the last week. For the fiscal year ending March 31, 2026, HDFC Bank reported a net profit of ₹19.12 billion, marking a 10.9% year-on-year increase, while its net interest income grew by 3.2% to ₹33.80 billion. However, Airtel faced a 34% decline in its consolidated net profit for the same quarter, posting ₹7,325 crore, largely due to a previous year's tax gain that inflated its profits.
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The shift in market capitalization may affect investor confidence and stock performance in the telecom and banking sectors.
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