Hindustan Aeronautics Ltd (HAL) has emerged as the most consistent wealth creator in MOFSL's Wealth study 2025, beating the likes of Welspun Corp, Bharat Dynamics and Indian Bank, as the stock outperformed the Nifty Total Return index in all the last five years, with the highest total return CAGR of 75 per cent. The defence stock also emerged as the best all-round wealth creator in the study. MOFSL noted that that consistent wealth creation is a challenge, with only 13 out of 100 stocks outperforming in each of the last 5 years. Advertisement

HAL was among seven (out of 10) consistent wealth creators that were trading at single-digit P/Es in March 2020, following the Covid lockdown. It had a return of equity (ROE) of 21 per cent then. This clearly suggests that sharp market corrections o

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