RIL’s dominance is reason behind $200 bn valuation
Recent deals have further strengthened the view that it will leave others far behind
Investors are ascribing an ‘option’ value to emerging biz such as JioMart and a super app
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.
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