Adani Green The Fastest Wealth Creator: MOFSL

Hyderabad: Adani Green has emerged as the fastest wealth creator during the five-year period (2019-March 2024), with a compound annual growth rate (CAGR) of 118 per cent, a Motilal Oswal Financial Services Limited (MOFSL) study showed on Tuesday.

According to the ‘29th Motilal Oswal Annual Wealth Creation Study,” Rs 10 lakh invested in 2019 in the top ‘10 Fastest Wealth Creators’ would be worth Rs 1.75 crore in 2024, a return CAGR of 77 per cent compared to 14 per cent for Nifty 50.

Adani Enterprises became the ‘Best All-round Wealth Creator’ for the third time in a row. “We define all-round wealth creators based on the summation of ranks, under each of the three categories – Biggest, Fastest and Consistent. Where the scores are tied, the stock price CAGR decides the All-round rank. Based on the above criteria, Adani Enterprises has emerged as the Best All-round Wealth Creator,” the MOFSL study said.