Asia’s richest tycoon Mukesh Ambani gung-ho on RIL. His investors? Not so much

Despite investing $10 billion in clean power and fuel and committing to green technologies for future growth, Asia’s richest man, Mukesh Ambani, has failed to convince the stock market. Shares of Reliance Industries, Ambani’s flagship company, are valued at 24 times profit, a sharp decline from last year’s P/E multiple of 37. While Reliance is experiencing growth across business lines and its March-quarter profit beat estimates, green technologies aren’t getting the attention they deserve.