Bharti Airtel has overtaken HDFC Bank to become India’s second-most valued listed company by market capitalisation, marking a major milestone for the telecom giant led by Sunil Mittal. After a strong rally in recent trading sessions, Bharti Airtel’s market value surged to nearly ₹11.9 lakh crore, surpassing HDFC Bank and strengthening its position among India’s biggest corporate giants. Analysts say improving ARPU, resilient subscriber growth, strong 5G expansion and better revenue visibility have boosted investor confidence in the stock. In this video, we break down the reasons behind Airtel’s sharp rally, what it means for Indian markets, and whether the telecom major can continue its momentum against rivals like Reliance Industries.