Motilal Oswal Wealth Creation Study 2024: Linde India most consistent wealth creator with 68% CAGR – CNBC TV18
| Company | Value | Change | %Change |
|---|
Linde India also reported the highest price compound annual growth rate (CAGR) of 68% during the study period. The study highlighted that only six out of 100 companies managed to outperform the Nifty TRI every year during this timeframe.
Top five most consistent wealth creators:
| Company | 2019-24 Total Ret. CAGR (%) |
| Linde India | 68% |
| Varun Beverages | 61% |
| Hind Aeronautics | 58% |
| Bharat Electronics | 46% |
| Thermax | 34% |
The methodology for identifying consistent wealth creators focused on annual outperformance against the benchmark index, with ranking determined by price CAGR when the number of years matched.
The methodology used in the study to identify consistent wealth creators focused on annual outperformance against the Nifty TRI.
On January 1, 2020, Linde India’s share price stood at ₹780.7. By January 1, 2021, it had risen to ₹1,017.59, and by January 1, 2022, it had more than doubled to ₹2,870.38.
The upward momentum continued with the price reaching ₹3,570.75 on January 1, 2023, ₹5,985.00 on January 1, 2024, and ₹7,058.95 by December 1, 2024.
In contrast to the stock movement, Nifty TRI stood at ₹17,349.12 on January 1, 2020. By January 1, 2021, it had risen to ₹20,775.67, and by January 1, 2022, to ₹26,278.07.
The upward momentum continued with the index reaching ₹26,511.45 on January 1, 2023, ₹32,471.8 on January 1, 2024, and ₹36,737.18 by December 1, 2024.
Also Read: Explainer | What are bruised blue chips and how to invest in them?
(Edited by : Ajay Vaishnav)
