Bharti Airtel pips HDFC Bank in market-cap intraday; stock up 11% in 4 days

Business Standard
2026.05.18 00:00
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Bharti Airtel shares rose nearly 3% to ₹1,953.95, marking an 11% increase over four days, surpassing HDFC Bank in market capitalization. Despite an 8% decline in 2026, Airtel outperformed HDFC Bank and the Sensex. Analysts remain positive, citing strong market positioning and growth potential, with target prices set at ₹2,530 and ₹2,450 by Axis Securities and JM Financial, respectively. Bharti Mittal plans to increase his stake in Airtel to 51% through Bharti Telecom.