Surpassing behemoths like Pepsico, Novartis, Industrial and Commercial Bank of China, and SAP in the past week, RIL holds the 48th position currently in the list of the most-valuable companies in the world.
Citi downgrades India to ‘neutral’ as valuations remain elevated
Citi has downgraded India’s market rating to ‘neutral’ due to high valuations and moderating earnings growth forecasts. While acknowledging India’s strong macro story and potential