Page 11 - Capri Global News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reliance adds Rs 9,63,800 crore wealth over 2018-23

Reliance Industries Ltd was the biggest wealth creator during the five-year period from 2018 to 2023 while Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. The study, based on stock market performance of companies, said for the fifth time in succession, Reliance emerged as the largest wealth creator, adding Rs 9,63,800 crore wealth over 2018-23. It was followed by Tata Consultancy Services (Rs 6,77,400 crore wealth addition), ICICI Bank (Rs 4,15,500 crore), Infosys (Rs 3,61,800 crore) and Bharti Airtel (Rs 2,80,800 crore).

Hindenburg Research's report triggered a sharp sell-off in the Adani Group stocks as Adani Enterprises tumbled about 75 per cent from its peak at Rs 4,189.55 to Rs 1,017.10.

​​Noteworthy wealth creators in this period include Reliance Industries, TCS, ICICI Bank, Infosys and Bharti Airtel. Lloyds Metals emerged as the fastest wealth creator with the stock returning 79% on a compounded basis in this period.

India Business News: Capri Global, Varun Beverages, Grindwell Norton, ICICI Bank, and Adani Enterprises have been identified as consistent wealth creators during the perio