Fabulous 50

For the second year running, HDFC Bank has featured in the prestigious Forbes Asia’s ‘fabulous 50 list’ of companies chosen from 500 publicly-traded (listed) companies in Asia Pacific with revenues or market capitalisation in excess of $5 billion (Rs 22,330 crore). HDFC Bank is the only bank from India, and only four of the ‘Fab 50’ companies are banks, it said in a statement. Nine other Indian companies — Infosys Technologies, Wipro, Reliance Industries, Bharat Heavy Electricals, Larsen & Toubro, Tata Steel, Bharti Airtel, Mahindra & Mahindra and ITC — also made it to the list, it said. China topped the ‘Fab 50’ list with a representation of 13 companies followed by India with 10. The ‘Fab 50’ companies have been stacked up on parameters of robustness like longterm profitability, stock price appreciation, sales and earnings growth,and projected earnings. Companies have been recognised for their sheer resilience, “It’s easy to pick winners when business is booming,” the magazine points out. “Many on this list have shown they can outperform in good times and bad.”

No comments: