ACCORDING TO the study conducted by Motilal Oswal Financial Services, Reliance Industries Limited (RIL) spearheaded by Mukesh Ambani, has topped the list of the most successful wealth creators from FY05 to FY10 followed by ONGC and NMDC close behind. The study reported that Reliance has been largest wealth creator for last 4 studies continuously, making it one of the most successful and prosperous enterprises running in India today.
India`s top 100 wealth creating companies created over Rs 26,000 billion of wealth in the last 5 years. Reliance Industries contributed Rs 2,600 billion to the pool.
RIL’s share price has grown at a compounded annual rate of 37.1% over the past five years. It is being followed closely by realty firm Unitech and Hero Honda.
With consistency in wealth generation, valuation of share prices and generally high level of goodwill that is attached to Reliance, it can be predicted that it will be able to manage a successful stride in the next few years as well. The current firm trend in crude prices is likely to ensure no major change in the above equation of standing for some more time to come.
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