RIL emerges as biggest wealth creator for 5th consecutive year
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Reliance Industries Limited (RIL) has secured its position as the top wealth creator in India for the fifth consecutive year, according to a Motilal Oswal study. The study highlights that RIL's price-to-earnings ratio increased to 24 times in 2023, up from 15 times in 2018, generating wealth of approximately Rs. 9.6 lakh crore this year. Other major wealth creators during this period include Tata Consultancy Services, Infosys, ICICI Bank, Bharti Airtel, and Hindustan Unilever.