Wealth creators: RIL at the top; Adani Enterprises best all-rounder; Capri Global most consistent ET Wealth explores the finer details of Motilal Oswal's 28th Annual Wealth Creation study
Wealth creation at a slower pace in the past 5 yearsThe growth of 21% CAGR is lower than for the previous two blocks of five years, but well above the BSE Sensex CAGR of 12%.
RIL rules the wealth creation charts again
TCS and Infosys continuously remain among the top five wealth creators.
Low-profile Lloyds Metals the fastest wealth creator
Rs.10 lakh invested in 2018 in these companies would be worth Rs.1 crore in 2023.
Adani Enterprises best all-round wealth creator
Two other Adani group companies, Adani Power & Adani Energy, are also in the top 10 all-round wealth creators.
Note:7 out of top 10 all-round wealth creators are also among the top 10 consistent wealth creators. Thus, consistency is the clincher for all-round wealth creation.
Capri Global is the most consistent wealth creator
It has outperformed the BSE Sensex in all of the past five years.
Note: Only 4 out of 100 have outperformed in each of the five years. Clearly, consistency, not just the pace of wealth creation, matters. Investors’ nirvana is in identifying the stocks that not only outperform from point to point, but in the interim as well.
Tech biggest wealth creator second time in a row
Technology has also increased its share of wealth creation to 20%, compared with 9% five years ago.
HDFC Bank, ITC among big names to lag behind the market
35 companies failed to make the cut as their stock appreciation was lower than the Sensex.
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This story originally appeared on: India Times - Author:Faqs of Insurances