Tuesday, July 26, 2011

Tata Group most trust worthy - Equitymater Survey

For the retail investors sound financial reporting and trustworthy managements are equally important factors besides the return on investment. The spat of scams has brought this change, revealed a survey conducted by Equitymaster. On this factor Tata group is most trusted way ahead of others in the survey with preference of 61% respondents.

The runners up Infosys got preference of 17% followed by HDFC with over 9%. These companies have retained their positions in the survey same as 2009, but the % votes have reduced. This can be either due to change of guard at Infosys or Ratan Tata emerging as much stronger icon of trust and reliability.

In comparison, the Ambanies' groups RIL led by Mukesh and ADAG led by Anil were ranked at 6th and 8th positions, respectively with less than 2 per cent votes each in the survey. Other companies in top ten were : TVS Group, Aditya Birla group, ICICI Bank and Bharti Airtel.

The survey conducted by Equitymaster puts an emphasis on the reliable, trustworthy and transparent financial reporting by the corporate India.

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