Telecom operator Bharti Airtel has pipped the housing finance firm HDFC to beomce the fifth most valued firm in the country. At the closing session on April 15, 2020, m-cap of Bharti Airtel was Rs. 1987.86 crore more than HDFC at Rs 2,78,206.15 crore in comparison to HDFC's m-cap of Rs 2,76,218.29 crore on the BSE.
In the past two trading sessions, the stock of the telecom major gained but ended the trading day marginally weaker down 0.29% at Rs. 510.25. ICICI Securities also has given a 'buy' call on the counter with a target price of Rs. 610 per share.
In the previous session with weakness seen in the financial stock, the counter of HDFC ended lower by 3.61% or Rs. 59.70 at Rs. 1594.75.
Currently, RIL remains the highest valued firm followed by TCS, HUL, HDFC Bank and Airtel.