It seems like the winds of fortune are blowing favorably for the Indian telecom industry. This week, we’ve seen significant moves indicating strong investor confidence in telecom operators. Vodafone Idea’s FPO (Follow-on Public Offering) attracted substantial bids, while Bharti Airtel Ltd reached a new all-time high on Tuesday, hitting Rs 1,351 on the National Stock Exchange (NSE).
Bharti Airtel Hits New High
Bharti Airtel’s stock closed at Rs 1,342.25 on Tuesday, up by 3.45%, with a total trading volume of approximately 120.75 lakh shares. The surge in Bharti Airtel’s stock price took its market capitalization to Rs 7.74 lakh crore, securing it the fourth spot among India’s largest companies by market capitalization. This landmark achievement allowed Bharti Airtel to overtake ICICI Bank, which had a market capitalization of about Rs 7.65 lakh crore.
Top 5 Companies by Market Capitalization
Here’s a look at the current top five companies by market capitalization on the NSE:
|
Stock Name |
Market Cap in Rs Lk Cr |
Weightage in Nifty % |
| Reliance Industries |
19.74 |
10.22 |
| TCS |
14.01 |
3.99 |
| HDFC Bank |
11.45 |
11.07 |
| Bharti Airtel |
7.74 |
3.25 |
|
ICICI Bank |
7.65 |
7.8 |
- Reliance Industries with a market capitalization of Rs 19.74 lakh crore, Reliance Industries stands firmly at the top. It holds a significant weightage of 10.22% in the Nifty 50 index.
- Tata Consultancy Services (TCS) the IT giant ranks second with a market capitalization of Rs 14.01 lakh crore and a Nifty 50 weightage of 3.99%.
- HDFC Bank holding third place with a market capitalization of Rs 11.45 lakh crore, HDFC Bank has a notable weightage of 11.07% in the index.
- Bharti Airtel now in fourth place, Bharti Airtel has a market capitalization of Rs 7.74 lakh crore and a Nifty 50 weightage of 3.25%.
- ICICI Bank stands to fifth, ICICI Bank’s market capitalization stands at Rs 7.65 lakh crore with a weightage of 7.8%.
Bharti Airtel’s Stellar Performance
Bharti Airtel has been on a remarkable journey. In the past 12 months, the stock has delivered a return of 75.42%, and over the last three years, it has offered multibagger returns of 161.68%. If that wasn’t impressive enough, the stock has gained 30.05% on a Year-to-Date (YTD) basis and 16% in the last three months.
Know: Debunking the Top 5 Myths of Stock Investing
But there’s more to Bharti Airtel’s history than stock performance. Did you know that the bell ceremony at the Bombay Stock Exchange (BSE) was initiated with Bharti Airtel’s IPO? This interesting fact showcases the company’s long-standing presence and its enduring impact on India’s financial markets.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
