R&D-heavy Indian firms outpace market with 23.5% stock CAGR
In short
A BusinessLine summary says 130 Indian companies that kept raising R&D spending by more than 20% a year between FY21 and FY26 delivered an average stock-price CAGR of 23.5% from April 2021 to September 2026.
This matters because the report suggests innovation-focused firms did better in the market. The story does not name the companies or say which laggards underperformed.
What the reporting says
A BusinessLine Markets summary said 130 Indian companies that lifted R&D spending at a CAGR above 20% between FY21 and FY26 delivered an average stock-price CAGR of 23.5% from April 2021 to September 2026. The report contrasts these innovators with R&D laggards that underperformed the market. The names of the companies, benchmark used, and specific stock gaps were not stated.
Why it matters
The available summary says 130 companies that expanded R&D expenditure at a CAGR of over 20% between FY21 and FY26 achieved an average stock-price CAGR of 23.5% from April 2021 to September 2026. It frames this as evidence that innovation-focused firms pulled ahead of R&D laggards. The benchmark, company list, and exact underperformance figures were not stated.