RIL’s dominance is reason behind $200 bn valuation

In February, just before the pandemic affected stock valuations, Reliance Industries Ltd (RIL) and Tata Consultancy Services Ltd (TCS) were in a neck and neck fight in India. The market capitalization of the two firms hovered around ₹8-8.5 trillion. In end-March, when stocks were at their bottom, RIL’s market capitalization …

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