10 on 10: Avanti Feeds top gainer, RIL biggest wealth creator
As one of the most volatile decades for investors comes to an end, ETIG finds out the stocks in the BSE 500 index that made investors rich despite the topsy-turvy market movements.
Shrimp feed company Avanti Feeds emerged at the top based on the return generated over the past decade helped by rising seafood exports from India.
ET Intelligence Group: From quantitative easing to taper tantrum, Brexit, demonetisation, GST, corporate frauds, surge of cryptocurrencies and a pandemic to top it all. As one of the most volatile decades for investors comes to an end, ETIG finds out the stocks in the BSE 500 index that made investors rich despite the topsy-turvy market movements.
Shrimp feed company Avanti Feeds emerged at the top based on the return generated over the past decade helped by rising seafood exports from India. Caplin Point Laboratories, which started as an SME, ranked second following its focus on the less explored, less stable and less regulated markets in Africa and Latin America.
The third on the list is Vaibhav Global, which sells fashion jewellery in the US and United Kingdom on TV Shopping channels. It is followed by Alkyl Amines Chemicals, which supplies amines and its derivatives to paints, chemicals, agriculture and pharma sectors. Bajaj Finance was fifth helped by rising consumerism in the country.
In terms of the absolute gain in the market capitalisation, Reliance Industries, TCS, HDFC Bank, HUL and Kotak Mahindra Bank were among the top five in that order.
