Reliance Set to Win Back Crown as India's Most Valuable Stock: ChartBy
Reliance Industries Ltd. is set to regain the mantle as India’s most valuable company from Tata Consultancy Services, a title it lost to Asia’s top software developer in February 2013. Reliance surged to a nine-year high earlier this month after 72 million users of billionaire Mukesh Ambani’s telecom venture converted from free to paid service. Tata Consultancy, due to report fourth-quarter results Tuesday, has lagged behind the broader market this year as a slowdown in technology spending and a tightening of visa programs by the U.S. soured the sentiment for IT services companies.
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