Bharti Airtel overtakes HDFC Bank to become India's second-most valuable stock

HDFC Bank

23/09/2026 10:23

Sept 23 (Reuters) - **  Telco Bharti Airtel BRTI.NS overtakes HDFC Bank HDBK.NS to become India's second-most valuable stock
** Reliance Industries RELI.NS remains India's most valuable co, followed by BRTI and HDBK
** BRTI valued at 11.44 trillion rupees ($119.50 billion),  above HDBK's 11.42 trillion rupees ($119.29 billion), according to NSE data
** YTD, HDBK down 25% vs 13% dip in BRTI
** Private lender has faced leadership changes and governance scrutiny, including senior executive resignations and alleged irregularities
** BRTI has seen steady growth in recent quarterly earnings, boosted by increasing demand for 4G/5G data
** Both stocks rated "buy" on avg - data compiled by LSEG
** BRTI last up 0.7%, HDBK up 0.2%





($1 = 95.7300 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com;))