The decade's top wealth creators: Stylam Industries and Bajaj Finance

While stocks fluctuate on a day-to-day basis, real wealth is created in the market when you hold a good company for the long term. In November 2021, we conducted our annual Wealth 100 study, which was published in the December 2021 issue of 'Wealth Insight'. This coverage is meant to bring out the most rewarding stocks of the last decade. While creating this list, we applied the following filters: In order to ensure consistency of wealth creation, we removed those stocks that delivered more than 50 per cent of their total gains over 10 years within a specific year. In order to ensure quality, we ensured that the return on equity (ROE) should be more than 12 per cent in at least eight out of the last 10 years; or it should be rising in at least eight out of 10 years. Do note that we also included dividends while calculating the returns. That's only sensible as dividends become substantial as your holding period goes up. Here we discuss two wealth creators from the top 10 in the list. Stylam Industries: The laminates leader A manufacturer of decorative laminates used in residential and industrial applications, the company operates under the brand name of 'Stylam'. Its two manufacturing facili