Bharti Airtel overtakes HDFC Bank to become India’s second most valuable listed company, what investors need to know

Bharti Airtel has overtaken HDFC Bank to become India’s second most valuable listed company by market capitalisation, underlining the sharp re-rating in telecom stocks and changing investor preferences on Dalal Street, according to an ET report.

Bharti Airtel shares rose more than 2 per cent to Rs 1,943 on the BSE, pushing the company’s market capitalisation to around Rs 11.8 lakh crore. HDFC Bank, meanwhile, declined more than 2 per cent during the session, taking its market value to nearly Rs 11.7 lakh crore.