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 S&P BSE Sensex.
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. In intra-day trade, the m-cap of the company crossed Rs 2-lak crore mark to Rs 200,450 crore.
Bharti Airtel is set to re-enter in Rs 2-lakh crore m-cap club after a gap of 10-years. Earlier, on October 17, 2007, the company had m-cap of Rs 209,517 crore on closing level. It touched record high m-cap of Rs 213,824 crore on October 15, 2007, the CapitalinePlus data shows.
The company surpassed the four companies include Indian Oil Corporation (IOCL), Coal India, ICICI Bank and Larsen & Toubro (L&T) in overall m-cap ranking during past two weeks.
Market price in Rs | Market-cap in Rs crore | |||||
Company | 09/10/2017 | LTP | % chg | 09/10/2017 | LTP | Gain |
Bharti Airtel | 379.40 | 497.20 | 31.05 | 151,661 | 198,650 | 46,989 |
IOCL | 413.85 | 405.35 | -2.05 | 200,962 | 196,834 | -4,128 |
Coal India | 281.45 | 289.90 | 3.00 | 174,708 | 179,953 | 5,245 |
ICICI Bank | 271.85 | 263.60 | -3.03 | 174,445 | 169,153 | -5,292 |
Larsen & Toubro | 1140.90 | 1132.70 | -0.72 | 159,788 | 158,640 | -1,148 |
LTP : Last traded price on the BSE at 02:16 PM |
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