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10 stocks created investor wealth worth Rs 15 lakh crore in 5 years

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MUMBAI: Shareholders of 10 Indian blue chips became richer by more than Rs 15 lakh crore within a short span of just five years — between fiscals 2012 and 2017. The corresponding figure for the top 100 Indian companies was almost Rs 39 lakh crore, according to a study by domestic broking major Motilal Oswal Securities.

Among the leading Indian wealth creators, TCS topped the table with an addition of Rs 2.5 lakh crore to its market capitalisation, followed by Rs 2.3 lakh crore by HDFC Bank and Rs 1.9 lakh crore by Reliance. The lone PSU in the top-10 list was energy giant Indian Oil, which made its shareholders richer by Rs 1.2 lakh crore during the same period, the study showed.

The fastest wealth creator between FY12 and FY17 was Ajanta Pharma whose market capitalisation jumped 29 times to Rs 15,500 crore from just about Rs 500 crore at the start of FY12. The other companies in the same league as Ajanta Pharma are KRBL, the rice miller and exporter whose market capitalisation rose 23 times, and Bajaj Finance, which witnessed a rise of 15 times in market cap.

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The study by Motilal Oswal further said that Asian Paints was the most consistent wealth creator with the company regularly featuring in the list of toppers in the last 22 years. The study also found that eight of the top 10 most consistent wealth creators were consumer-facing companies, which include blue chips like Titan, HDFC Bank and Kotak Mahindra Bank.

Talking to TOI, Motilal Oswal Group co-founder Raamdeo Agrawal pointed out that the secret to winning in stock picking was to identify a company that is in the high growth industry and led by a management that has a clear strategy and pushes for stronger growth. “A sharp strategy and high growth mindset can help companies sustain profitable growth for a very long period,” Agrawal said.

Updated: December 8, 2017 — 10:17 am

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