Adani Enterprises crowned most consistent wealth creator in Motilal Oswal’s wealth creation study

NEW DELHI: Mukesh Ambani-led Reliance Industries has emerged as the biggest wealth creator,

as fastest and

as most consistent wealth creator in Motilal Oswal’s 26th Annual Wealth Creation Study.

As per the study, Reliance industries emerged the largest wealth creator for the third time in succession, as it created a total wealth of Rs 9.7 lakh crore over 2016-21. This is by far the highest ever, beating its own previous record of Rs 5.6 lakh crore in 2014-19, Motilal Oswal said.

Profit for

jumped 8 per cent annually over this time while its share price compounded at 31 per cent annually. TCS, HDFC Bank and Hindustan Unilever remained other big wealth creators for the period.

Agencies

Adani Transmission has emerged as the fastest wealth creator over 2016-21, compounding wealth at a compounded annual growth rate of 93 per cent. It has been followed by Deepak Nitrite (compounding at 90 per cent), Adani Enterprises (86 per cent) and Tanla Platforms (85 per cent).

Agencies

In fact, Rs 10 lakh invested equally in 2016 among the top 10 fastest wealth creators would have grown to Rs 1.7 crore in 2021 at a compounded annual growth rate of 77 per cent compared with just 14 per cent for the Sensex.

Meanwhile, Adani Enterprises has emerged as the most consistent and the most all-round wealth creator.

Motilal study defined consistent wealth creators based on the number of years the stock has outperformed in each of the last 5 years.

Based on this, over 2016-21, Adani Enterprises has outperformed in all the last 5 years and has the highest price CAGR of 86 per cent.

Agencies

The stock is also the best all-round wealth creator based on the summation of ranks, under categories – biggest, fastest and consistent.

Agencies

NEW DELHI: Mukesh Ambani-led Reliance Industries has emerged as the biggest wealth creator, as fastest and as most consistent wealth creator in Motilal Oswal’s 26th Annual Wealth Creation Study. As per the study, Reliance industries emerged the largest wealth creator for the third time in succession, as it created a total wealth of Rs 9.7 lakh crore over 2016-21. This is by far the highest ever, beating its own previous record of Rs 5.6 lakh crore in 2014-19, Motilal Oswal said. Profit for jumped 8 per cent annually over this time while its share price compounded at 31 per cent annually. TCS, HDFC Bank and Hindustan Unilever remained other big wealth creators for the period. Agencies Adani Transmission has emerged as the fastest wealth creator over 2016-21, compounding wealth at a compounded annual growth rate of 93 per cent. It has been followed by Deepak Nitrite (compounding at 90 per cent), Adani Enterprises (86 per cent) and Tanla Platforms (85 per cent). Agencies In fact, Rs 10 lakh invested equally in 2016 among the top 10 fastest wealth creators would have grown to Rs 1.7 crore in 2021 at a compounded annual growth rate of 77 per cent compared with just 14 per cent for the Sensex. Meanwhile, Adani Enterprises has emerged as the most consistent and the most all-round wealth creator. Motilal study defined consistent wealth creators based on the number of years the stock has outperformed in each of the last 5 years. Based on this, over 2016-21, Adani Enterprises has outperformed in all the last 5 years and has the highest price CAGR of 86 per cent. Agencies The stock is also the best all-round wealth creator based on the summation of ranks, under categories – biggest, fastest and consistent. Agencies (What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News.