Cyrus Mistry Retains Investors’ Trust Built By Ratan Tata
Mukesh Ambani Group outperforms ADAG but both lose out to “None of the above”
Mumbai - (3rd December 2013) -Completing a year at the helm of one of the biggest conglomerates of the country, Cyrus Mistry definitely seems to have retained the trust of his investors, a new survey said.
The survey, conducted by Equitymaster, saw The Tata group retaining its top position with 4,490 (31.83%) readers voting them to be The Most Trustworthy Corporate Group of 2013. This is fourth time in a row that The Tata Group has come out as a clear winner.
However, it must be noted that The Tata Group has dropped significantly from the 61.21% votes they got in 2011 and the 55.77% they received last year.
A total of 14,107 votes were cast in the survey that ran on Equitymaster’
HDFC Group took the distant second position with 12.47% votes followed by Larsen and Toubro with 7.83% votes.
Aditya Birla Group (6.44%), Infosys (5.05%) and Mahindra Group (4.28%) took the fourth, fifth and sixth position respectively.
Keeping with the current times, this year Equitymaster also included “None of Above” as one of the options and 4.14% of the total voters opted for it to showing the complete lack of trust investors have in these businesses.
Mukesh Ambani Group (9th), with 3.58% votes, was placed 2 ranks above The Anil Ambani Group (11th) that got 2.72% of the total votes cast.
Godrej (3.49%), DLF (2.50%) and Vedanta Group (2.43%) were the new addition to the list this year and they outperformed the regulars like Bharti Airtel (2.19%) and Essar Group (1.94%).
This Annual survey is one of the many investor awareness initiatives that are carried out by Equitymaster and it has seen thousands of investors casting their vote every year.
Equitymaster is an independent research initiative that runs various recommendation services and e-learning courses on their website - http://www.equitymaster.com/?
On the final result, Rahul Goel, CEO of Equitymaster, said. “The Tata Group has always been a respected and trustworthy name. So, it’s no surprise that it has taken the top position again this year. It’s the 4th consecutive win for the group and I hope they live up to the trust that the Indian investors have put in them.”
He further added, “With our ever-increasing readership, we soon aim to have this poll to the be the benchmark to gauge investors’ trust in Indian Corporates and we hope the low ranking corporate groups from this year would work towards winning the trust of their investors and improve their ranking next year.”
The other groups in the survey were Sundaram/TVS Group (3.83%), ICICI Bank (2.69%) and Rahul Bajaj Group (2.58%).
View the detailed reports on the poll here (http://www.equitymaster.com/
Equitymaster is an independent equity research initiative aimed at empowering the investors by giving them honest, unbiased opinions on investing in share markets.
Name: Sonal Ramachandran
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