New Delhi, May 18 -- Bharti Airtel dethroned HDFC Bank to become the second most-valued company in India in terms of market capitalisation ( after Reliance Industries.

The cumulative market capitalisation (m-cap) of Bharti Airtel stock rose to Rs.11.90 lakh crore in intraday trade on Monday, 18 May, compared to the Rs.11.80 lakh crore m-cap of HDFC Bank. The m-cap of Reliance Industries stands over Rs.18.11 lakh crore at the current juncture.

Bharti Airtel shares jumped nearly 3% in intraday trade on the BSE on Monday, looking set to extend gains for the fourth consecutive session. Bharti Airtel share price opened at Rs.1,909.35 against its previous close of Rs.1,904.60 and rose 2.6% to an intraday high of Rs.1,953.95.

In just four con...