Bharti Airtel set to join Rs 2-lakh cr market-cap club after a 10-year gap

Bharti Airtel, the telecom services provider, with the m-cap of Rs 198,650 crore is at number 12th position in overall m-cap ranking, the BSE data shows

Bharti Airtel is set to join the elite league of corporate entities with a market value of over Rs 2 lakh crore after a gap of 10 years.

The stock surged 6% to Rs 501 on BSE in intra-day trade on Monday after the media reports suggested that the analyst at Morgan Stanley upgraded the recommendation on Bharti Airtel to overweight from equal-weight.

At 2:23 pm, the stock trading 5% higher at Rs 497, has outperformed the market in past two weeks. It soared 31% from Rs 379 on October 9, as compared to 2% rise in the benchmark