This takes Reliance’s overall No. 1 tally to 9 in the last 16 five-year study periods.
(Rs 9,548 crore), (Rs 5,795 crore), (Rs 4,108 crore) and (Rs 3,614 crore) were the other top wealth creators on the list. , which made investors richer by Rs 2,538 crore during the last 5 years, is the only Adani group stock in the top 10 list.
Reliance also figures at No. 8 in the list of top 10 all-round wealth creators, based on the summation of ranks, under each of the 3 categories – biggest, fastest and consistent.
“For the past 8 successive study periods, benchmark indices have delivered muted returns ranging from 5-15%. Still, the top wealth creators maintained their track record of 10-15% outperformance over the benchmark. This reinforces our pet take on market timing – Forget markets, think stocks,” said Raamdeo Agrawal, chairman and co-founder of
.
By growing at a 5-year CAGR of 106%, Adani Transmission turned out to be the fastest wealth creator during the period, followed by , and .
The most consistently performing stocks, based on the number of years the stock has outperformed in each of the last 5 years, include Adani Enterprises,
, , Mindtree and L&T Infotech.
“Over 2017-22, Adani Enterprises emerged as the most consistent wealth creator. It outperformed the BSE Sensex in all the last 5 years and has the highest price CAGR of 97%,” said the report.
