New Delhi: Many of us invest in stocks of different companies depending on their performance and our choice. But how many of us would have ever thought that certain stocks which we bought it at certain amount would give us better return which will be eventually more than our expectation.
Recently, study has come up revealing that some of the stocks have managed to turn 10 Lakh investments to Rs 1.7 crore in five years.
Let's look at such stocks which have given a reason to smile to their investors.
According to the study, these stocks are Adani Transmission, Deepak Nitrite, Adani Enterprises, Tanla Platforms, Ruchi Soya, Alkyl Amines, Vaibhav Global, APL Apollo Tubes, P&G Health and Escorts.
The Gujarat based electric power Transmission Company Adani Transmission has emerged as the fastest wealth creators in 2016-21 at a humongous CAGR of 93 per cent.
Apart from Adani Transmission, Deepak Nitrite, Adani Enterprises, Tanla Platforms and Ruchi Soya are some of the stocks which are fastest wealth creators, compounding wealth at 81-93 per cent per annum.
Notably, of these 10 stocks, seven were trading at or below the P/E of 20. Most of these stocks are trading at much higher multiples now.
The study further reveals that Reliance Industries was the biggest wealth creator in the period. From 2016-21, Reliance Industries has successfully managed to emerged the largest wealth creator for the third time as the total wealth created at Rs 9.7 lakh crore.
Commenting on the same, the Motilal Study noted, ''this is by far the highest ever, beating its own previous record of Rs 5.6 lakh crore in 2014-19."
According to the study, Bajaj Finance, HDFC Bank, Infosys, Hindustan Unilever and TCS are the next biggest wealth creators, creating Rs 7.3 lakh crore to Rs 2.6 lakh crore.
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