Tata Group’s TCS has once again retained its first position in wealth generation in the last five years, leaving behind HDFC Bank and Mukesh Ambani’s RIL. According to the leading brokerage firm Motilal Oswal’s
22nd Annual Wealth Creation Study, TCS retained its first rank for creating investor wealth worth nearly Rs 2.50 lakh crore between 2012 and 2017, while HDFC Bank generated Rs 2.31 lakh crore and RIL generated Rs 1.89 lakh crore in the same period.
ITC (Rs 1.59 lakh crore) and Maruti Suzuki (Rs 1.41 lakh crore) took the fourth and fifth rank on the list. It is interesting to note that RIL made it to top 3 after not featuring on the list last year. India’s top 100 companies in
terms of market valuation have generated a record Rs 38.9 lakh crore wealth in the last five years. Sector-wise, banking and finance took the first spot as for creating wealth worth Rs 9.34 lakh crore, during 2012-2017.
Reputed stock market veteran Raamdeo Agrawal sharing insights from Motilal Oswal’s 22nd annual wealth creation study, Raamdeo Agrawal said, “This is after two and a half months kind of study, so, one of the things about investing and making a lot of money in the market is that you need compounders and India produces a lot of compounders like HDFC Bank, HDFC, Infosys.” According to the co-founder of Motilal Oswal Financial Services, investors trying to time the markets could end up with poor returns.
“Timing the market kills the overall return of the portfolio,” he had said last month. “If you invest for the long-term, you’ll pass through phases of very high return, very low return, a phase of no return and also negative return. All this put together, creates long-term return. People want only high return phase. They don’t want other three. You will never have long-term return like that,” Raamdeo Agrawal had said at the sidelines of an event held recently.