Nifty 50 has taken six years from 10,000 to 20,000 - Here are the 10 biggest wealth creators during this perio - CNBCTV18

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The Nifty 50 index finally scaled the 20,000 mark on Monday, September 11, 2023, 52 sessions after hitting the mark of 19,000. The index has doubled in value in six years. It first hit the mark of 10,000 on July 25, 2017.

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With Monday's move, the Nifty 50 is now up 10.5 percent so far this year. The index has given positive annual returns every single year, including the Covid-19 years, since the 4 percent drop it had in 2015.

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During this Nifty 50 journey from 10,000 to 20,000, 47 index constituents have delivered positive returns to the shareholders. In this article, we take a look at the top 10 wealth creators over the past six years. However, it must be noted that the names mentioned in the list are those of the current Nifty 50 constituents and they may not necessarily have been part of the index back then. Here's a look at the top 10:

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Adani Enterprises | The flagship company of the Adani Group tops the list with gains of nearly 3,000 percent over the past six years. This, despite the correction it has witnessed this year post the Hindenburg Research report and the subsequent legal issues. From Rs 87 on July 25, 2017, the stock went up to as high as Rs 4,000 before the Hindenburg report. It closed at Rs 2,615 on Monday.

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LTI Mindtree | The merged entity of L&T Infotech and Mindtree is second on the list with gains of over 600 percent. It must be noted that the stock began trading as a merged entity only last year.

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Titan Company | Two Tata Group companies are part of the list and Titan is leading that pack with gains of nearly 500 percent over the past six years. From levels of Rs 530 in 2017, the stock is currently trading at record highs above levels of Rs 3,200.

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Divi's Laboratories | Although the stock may have declined nearly 30 percent in 2022, it has had a stellar run over the last few years. The stock has gained over 450 percent since July 2017. However, the stock has seen a substantial correction from its peak of Rs 5,425 in late 2021.

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Tata Consumer Products | The second Tata Group company to be part of this list is Tata Consumer Products, with gains of over 400 percent in the past six years. The stock has delivered positive annual returns every single year since 2019.

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Bajaj Finance | Bajaj Finance has been a consistent compounder over the last few years. It is the next stock on the list with gains of 354 percent since July 2017. The extent of the stellar bull run that Bajaj Finance has had is evident from the fact that the stock's 5.8 percent decline in 2022 was the first annual negative return since 2011.

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Apollo Hospitals | A recent inclusion in the Nifty 50 index, the stock has also been a consistent compounder with 290 percent gains over the past six years. Since 2008, the stock has given negative returns only twice, once in 2016 and the other in 2022.

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JSW Steel | The flagship company of the JSW Group is next on the list with gains of over 280 percent in the past six years. The stock has had four consecutive years of positive annual returns and has declined only in three out of the past 12 years.

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Reliance Industries | No index movement could be complete unless the heavyweight does not contribute to the same. Reliance Industries has gained over 242 percent since July 2017. It has also rewarded the shareholders with a 1:1 bonus issue in the interim. The stock has contributed over 1,500 points to the index upside since July 2017.

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Nestle India | The only pure-play FMCG name on the list is Nestle India, shares of which have gained 224 percent over the past six years. Barring the 0.5 percent drop in 2022, the stock is up nearly 13 percent this year and has given positive annual returns every single year since 2005 with the exception of 2008 and 2015.

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The Underperformers | While 47 Nifty 50 constituents have delivered positive returns, three major ones have been underperformers as well. Shares of Hero MotoCorp, BPCL and IndusInd Bank have delivered negative returns of 6-20 percent from July 2017 till date.

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Nifty 50 has taken six years from 10,000 to 20,000 - Here are the 10 biggest wealth creators during this perio - CNBCTV18
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