RELIANCE INDUSTRIES AND Adani Enterprises were the top wealth creators from 2017 to 2022, according to Motilal Oswal's Annual Wealth Creation Study 2022. The report said that the technology sector was the largest wealth-generating sector during the five-year period under review.
The study by MOFS, titled 'Consistents & Volatiles: The Two Dimensions of Wealth Creation', categorises companies into two classes the 'consistents' that continuously outperform, and 'volatiles' that continuously underperform.
Consistents are defined as firms whose annual profit after tax (PAT) does not fall by over 10% more than thrice over a 15-year period (twice if the period is 10 years), with no fall in PAT being greater than 50%. The terminal year's PAT should not be lower than the initial year's PAT.
This story is from the December 09, 2022 edition of Financial Express Mumbai.
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This story is from the December 09, 2022 edition of Financial Express Mumbai.
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