Bharti_Airtel briefly overtakes HDFC_Bank

On May 18, Bharti Airtel>>> briefly overtook HDFC Bank>>> to become the second most valuable Indian company by market capitalization. Bharti Airtel>>>'s shares rallied 10% over the past week, reaching a market capitalization of nearly Rs 12 lakh crore, driven by strong revenue growth in Q4 FY26 and plans for expansion into data centers and non-banking financial services. In contrast, HDFC Bank>>>'s market capitalization stood at Rs 11.8 lakh crore, with its shares dropping 22% in the past six months due to the resignation of its part-time chairman, Manas Chakraborty>>>, and ongoing uncertainty regarding its succession plan. While HDFC Bank>>> later regained its second position, the event underscores the dynamic nature of market valuations and the impact of corporate governance and strategic initiatives on investor sentiment in India>>>.