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Tatas most trusted group amongst the investors: Poll
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SME Times News Bureau | 22 Sep, 2021
Tata Group has emerged as the most trustworthy corporate group in a poll done by Equitymaster.
The
poll which gauged the trustworthiness of various corporate groups has,
however, found that entities like Hero, Jindal, RPG group and the rest
of the corporate groups are trusted only by up to 5 per cent of total
number of people interviewed.
The Independent equity research
initiative Equitymaster was carried out consisting of 17 of IndiaaYs
most well-known corporate groups. A total of 5,274 people, who are the
visitors of Equitymaster.com, participated in it.
This poll gives
an insight into whether big corporate groups are able to earn the trust
of the investors and how trust plays a great role in their longterm
success and growth. The poll results had also shown that superior
investments are directly related to effective corporate governance. So,
it's always wiser to invest in companies that evoke a sense of trust.
What
stands out starkly about the poll results is that there's a huge gap
between the winner and the rest of the corporate groups.
The Tata
Group has garnered 66.3 per cent of the total votes, which is more than
double the number of votes (31.8 per cent), it had received in the last
such poll conducted in 2013.
Following the 153 year old
conglomerate are AV Birla Group and Mukesh Ambani Group in the second
and third place with merely 5.1 per cent and 4.7 per cent of the votes
respectively.
In fact, except Tata Group, none of the other 16
groups have been able to win the trust of more than 5 per cent of the
total number of participants, although many of these groups have moved
up a few ranks from EquitymasteraYs last poll conducted in 2013.
The
AV Birla, Godrej and TVS groups have moved up 2 ranks, the Mukesh
Ambani Group jumped 6 ranks and the Rahul Bajaj group, which came in
fourth place, moved up nine ranks from the last poll.
Another
significant change in this yearaYs poll results was that only 2.3 per
cent of investors voted for azNone of the AboveaY category as opposed
to 4.1 per cent in 2013.
This shift, although small, reveal the
openness of investors to trusting corporate groups if the latter
sincerely try to earn it.
The group that received the least
number of votes (0.8 per cent) is RPG (Ram Prasad Goenka) group, the
company that owns CEAT Tyres.
Commenting on the results, Rahul
Shah, Co Head of Research at Equitymaster quoted, "If we look atcompany
valuationstoday, an increasing portion of a firm's value resides in
intangibles such as goodwill and reputation. And when it comes to
making intangibles tangible, nothing is more important than trust."
He
added, "The attribute flows from a company's leadership through the
organization to its external stakeholders which ultimately increases
profitability over the long-term. However, if not paid attention to, a
lack of trust can have the opposite effect."
Equitymaster is an equity research initiative that provides opinions on companies listed on Indian stock markets.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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