<ul><li>Reliance Industries Ltd. has fallen over 23% from its highest point in July this year.</li><li>Tata Consultancy Ltd. and HDFC Bank Ltd. are quickly catching up to dethrone Reliance Industries as India's largest listed company.</li><li>HDFC Bank is set to deliver its 11th consecutive year of gains, while TCS is the closest to dethroning Reliance Industries from its top spot.</li><li>Reliance Industries has seen consensus estimates fall for its earnings, with a 16% drop in earnings per share estimates for next year.</li></ul>

Reliance May Be Dethroned As India's Largest Listed Firm Soon

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