Wealth creators

SPECIAL REPORT

Company Adjusted mkt-cap CAGR (%) Appreaciation (x) 1Matrix Labs137.4075.50 2Sterling Biotech114.0044.90 3Amtek Auto111.7042.50 4Lupin95.7028.70 5Jammu & Kashmir Bank76.5017.00 6Bharat Electronics76.2017.00 7Jubilant Organosys75.8016.80 8Jindal Iron and Steel66.8012.90 9Asahi India Glass66.7012.90 10Motherson Sumi Systems63.1011.60 The biggest RankCompanyWealth created (Rs billion)Appreciation (x) 1ONGC1029.707.10 2Reliance Industries516.004.10 3IOC466.205.10 4Infosys230.903.40 5SBI206.502.80 6ICICI Bank165.2010.80 7HDFC132.405.70 8Tata Motors129.302.90 9HPCL129.104.00 10GAIL (India)128.003.50  It has also thrown in many surprises." For instance, you will remember that around four-five years ago, the most hated sectors were commodities and PSUs, but today they are the darlings of every investor.  "We also find in the study that the companies which are thriving on innovation create wealth fast. Companies like Matrix Laboratories are a testimony to this aspect," adds Agrawal.  According to Agrawal, the study is not an academic one but helps investors form a successful investment strategy. Last year, the study focused on characteristics of multi-bagger stocks and clients have benefited from several multi-baggers this year.  Similarly, two years ago the study focused on the impact of the low interest rate on stock valuations and said the stock market had overlooked the secular decline in interest rates and hence was grossly underpriced.  As a result, the market has roughly doubled from those levels. Agrawal maintains his investment mantra that