Bharti Airtel surges 10%; enters club of top five most valued firms

Bharti Airtel Ltd on Tuesday joined the club of top five most valued companies, replacing Infosys Ltd and HDFC Ltd, after its shares surged 10%.

After hitting an intra-day high of ₹591.95, at 10:12 am, the scrip was trading 9% higher at ₹586.25 apiece on the BSE, lead by which company’s market capitalization touched ₹3.19 trillion.

HDFC Ltd was trading 2.4% higher with a market cap of ₹2.70 trillion while Infosys Ltd gained 1% to touch ₹2.85 trillion market cap. Reliance Industries Ltd remained India’s top most valued company with market value of ₹9.3 trillion followed by Tata Consultancy Services Ltd at ₹7.30 trillion, Hindustan Unilever Ltd at ₹4.71 trillion and HDFC Bank Ltd at ₹4.6 trillion.