IT companies have been the top wealth creators in the 32 months since January 15, 2008. TCS and Infosys Technologies lead the pack of wealth creators. Azim Premji-controlled Wipro in at the sixth position.
Of the BSE 500 companies, 213 have given investors positive returns. Interestingly, Reliance group companies, have seen a sizeable chunk of their wealth erode over this period.
Both TCS and Infosys have each added about Rs 90,000 crore to their market capitalisation during the period. Infosys, TCS and Wipro have contributed a whopping Rs 2.23 crore to the investors wealth.
Apart from the top IT majors, India?s biggest lender State Bank of India, FMCG major ITC, HDFC Bank, Tata Motors and public sector units ONGC and IOCL have generated significant returns for their investors.
Anil Ambani-led Reliance Communication, Reliance Capital, Reliance Infrastructure and Reliance Natural Resources have seen an erosion of Rs 2.3 lakh crore. ?Reliance Adag have been underperforming because of concerns on execution capability and liquidity crunch.
All their firms require huge fund requirement,? said SP Tulsian, an independent investment analyst. Elder brother Mukesh Ambani?s Reliance Industries? market capitalisation also plunged by Rs 1.21 lakh crore.
?RIL has underperformed because the company?s gas production hasn?t seen a significant improvement,? Tulsian said.