Reliance Jio has now been valued at ₹4.9 lakh crore, nearly twice the valuation of Airtel, whose market capitalization has gone down to ₹2.4 lakh crore, a 25% drop since the latter's stock hit a peak in May. The shares of Bharti Airtel were today down almost 10%. On Tuesday, Reliance Jio revealed new postpaid tariff plans.
“Jio, people who choose this carrier as secondary option and doesnt even remember the number now valued twice than airtel #Modihaitomumkinhai.”