New Delhi. The comeback shown by the Indian stock market after the Covid crisis created history for investors. After the huge decline in March 2020, by 2025, Indian companies created shareholder wealth of about Rs 148 trillion. This is the highest in the last 17 study periods. According to Motilal Oswal’s Wealth Creation Study, the annual growth rate of wealth creation during this period was 38 percent, which is much more than the 21 percent CAGR of Sensex.
Tremendous surge from low level of Covid
Due to the lockdown in March 2020, the market went down historically. This low base laid the foundation for rapid returns in subsequent years. As companies’ earnings improved, balance sheets strengthened and investor confidence returned, share prices rose rapidly. According to the report, this recovery made both the speed and size of wealth creation extraordinary.
Airtel and ICICI Bank created the most wealth
From a long-term perspective, Bharti Airtel emerged as the biggest wealth creator, adding assets worth about Rs 7.9 trillion between 2000 and 2025. After this ICICI Bank created wealth of Rs 7.4 trillion. Interestingly, the share of the top 10 companies in total wealth creation during 2020–25 was only 31 percent, which is the lowest level ever. This means that this time the profit of earnings was distributed among more companies.
BSE becomes the fastest wealth creator
BSE surprised everyone in terms of growth. Between 2020 and 2025, BSE gave an impressive CAGR of 124 percent, making it the fastest wealth creator. If an investor had invested equally in the top 10 fastest wealth creator stocks in 2020, his amount would have grown almost 24 times in five years. In comparison, Nifty Total Return Index gave 24 percent CAGR in the same period.
HAL’s strongest and consistent performance
Hindustan Aeronautics Limited (HAL) won the trust of investors by consistently performing well. In the last five years, HAL has been successful in giving better returns than the Nifty Total Return Index every year. With 75 percent CAGR, it became the most amazing consistent wealth creator. Out of the top 100 companies, only 13 were able to beat the benchmark every year.
Less wealth destruction, different bull markets
The special thing about this entire period was that wealth destruction was historically very low. In 2020–25, wealth declined by only Rs 666 billion, which is only 0.4 percent of the total wealth creation. The report shows that this bull market was different from the previous era, because not only selected giants but many sectors and companies were involved in it. Whether this momentum will last or not will depend on earnings growth, because the base effect of Covid is now gradually ending.
(Disclaimer: The stocks mentioned here are for informational purposes only. If you want to invest money in any of these, then first consult a certified investment advisor. StuffUnknownwill not be responsible for any profit or loss of yours.)
