Indian billionaire Sunil Mittal's Bharti Group has become India’s fourth-largest conglomerate after the combined market capitalisation of its companies surged by more than 30 per cent so far this year to Rs 14.5 lakh crore. The group has surpassed the Adani Group of Gautam Adani and the Bajaj Group, CNBCTV18 reported.

The rally in mcap of the Bharti Group has been driven primarily by Bharti Airtel Ltd, the second-largest telecom company in India. Its shares have risen nearly 32 per cent year-to-date, supported by robust earnings growth, rising average revenue per user (ARPU), and the rapid expansion of 5G services.

Bharti Airtel Market Cap

The flagship telecom firm of Sunil Mittal reported better-than-expected results for the September quarter on the back of strong operating perform

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