In a new study by a brokerage, it came to the conclusion that Reliance Industries was the largest wealth creator for shareholders among blue chip Indian stocks in the last five years.
Between 2017 and 2022, Motilal Oswal Financial Services, Reliance Industries, Adani Transmission and Adani Enterprises were the biggest, fastest-growing wealth creators, according to a study done by Motilal Oswal Financial Services. The report said that Reliance Industries has emerged as the largest Wealth Creator over 2017 -- 22 for the fourth time in a row.
In 2017 and 2022, Mukesh Ambani-led Reliance Industries saw an increase in market capitalisation m-cap by a whopping 13 lakh crore. The stock of RIL went up three times from 2017 to 2022, but it should be noted that the stock was largely range-bound in the Rs 450 -- 900 range from 2007 to 2017.
The all round rating is a cumulative ranking of companies based on parameters such as biggest, fastest and consistent. The fastest table was topped by Adani Transmission, followed by Patanjali Foods, the erstwhile Ruchi Soya and the consistent ranking was topped by group firm Adani Enterprises, followed by Alkyl Amines and Coforge.
The study found that Vodafone Idea Rs 1.2 lakh crore m-cap Indian Oil Rs 71,300 crore and Coal India Rs 67,900 crore are the biggest wealth-destructors for the period.
The brokerage said that our wealth creation studies are an attempt to study the past as a guide to the future, and gain insight into the various dynamics of stock market investing.
Motilal Oswal's 27th Annual Wealth Creation Study 2022 looked at the top 100 wealth creating companies during the 2017 -- 22 period. Wealth created is a change in the market cap of companies between 2017 and 2022 March, and is adjusted for corporate events such as mergers, de-mergers, fresh issuance of capital, buyback, etc.
On Friday, RIL's scrip on the BSE closed 1.5% lower at Rs 2,609.