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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
Bharti Airtel
SI Reporter Mumbai
Last Updated : Oct 23 2017 | 2:50 PM IST
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 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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