Research Analyst

PeopleStrong; Maharashtra; On-site; INR 1,200,000 - 1,900,000; Full time

Job summary

Aditya Birla Money Ltd. (ABML) is seeking a Senior Research Analyst in Equity to conduct quantitative and qualitative analysis of listed companies and generate investment ideas. You will build and maintain large databases, prepare strategy notes, and disseminate research outputs to investors and the sales force.

The role involves delivering timely investment ideas, supporting the investment team, and contributing to reports and research outputs to aid client decisions.

Qualifications

• Strong financial analysis skills and equity research experience.
• Ability to build and maintain large investment databases and reports.
• Proficient in presenting investment ideas and reports to clients.

Responsibilities

• Build and maintain large macro/micro databases from data vendors (Bloomberg, Reuters, etc.).
• Analyze companies/sectors using ratio analysis, time series, and cross‑sectional methods.
• Disseminate research outputs to investors/clients and aid portfolio decisions.
• Contribute to strategy notes, morning notes, and weekly market updates.

Skills

Research

Post Graduate

Education

Post Graduate

Job description

DEPARTMENT-1 Research - Equity

Country India

State Maharashtra

Function Investments

Skills

Research

Post Graduate

Certification

Job Description

Job Purpose

To recommend and advise investors on various investment ideas from a medium to long‑term perspective by conducting quantitative and qualitative analysis of listed companies. To contribute to the team’s activities in generating investment ideas, creating and maintaining large complex databases, and helping prepare reports such as strategy notes, morning notes, and weekly market updates. These activities support sales and information dissemination to investors and the sales force.

Aditya Birla Money Ltd. (ABML) is primarily a broking company dealing in equity, commodity, and currency. With a workforce of approximately 800 spread across around 40 locations, ABML serves more than 300,000 customers. Commodity operations are handled through its 100% subsidiary, Aditya Birla Commodities Broking Ltd. ABML is one of the leading securities trading companies in the country, operating in a fragmented equity broking business with a daily turnover close to ₹3,000 crore and a market share near 1 %. The company operates in a highly regulated environment with regulators such as SEBI, RBI, AMFI, FMC, IRDA, and others, and is also closely monitored by agencies like NSE, BSE, NCDX, MCX, NSDL, and CDSL. Competition comes from major National Broking houses like ICICI Securities, HDFC Securities, Angel Broking, MOFSL, and various local broking outfits.

The research team at the fundamental side evaluates securities based on growth prospects and the attractiveness of the underlying business. They analyze financials, competitive advantages, management quality, and the competitive environment, among other factors. Research follows the principle that while the market price of an asset may deviate from its fair value in the short term due to extraneous factors such as market trends or investor sentiments, it tends to move toward its intrinsic value over the long term.

Key responsibilities of the Senior Research Analyst are:

• Build large databases by extracting and collating appropriate datasets from data vendors such as Bloomberg, Reuters, Cline, etc.
• Analyze large and complex macro and micro databases and create well‑structured reports.
• Disseminate research reports and outputs to investors/clients to aid investment decisions.
• Provide research support and inputs for consumption by the investment team in building portfolios and preparing advisory reports for clients.
• Timely work on and generate investment ideas to capture maximum gains.

Primary challenges faced are:

• Find investible ideas based on rigorous analysis of data sourced from quality databases available in the market, with varying risk–return profiles and competitive advantages across companies within a sector.
• Stay abreast of the latest updates in a constantly evolving environment to make nimble investment decisions.
• Clearly communicate investment thesis for a company or sector, highlighting the investment case and arguments to enable informed decisions by the investment team and investors.
• Make relative investment calls when absolute opportunities exceed portfolio capacity.

Critical skillsets include strong financial analysis and equity research capabilities. The role involves a minor level of client interaction, so good interpersonal skills are desirable.

Key Result Areas

KRA (Accountabilities) (Max 1325 Characters)

Supporting Actions (Max 1325 Characters)

KRA 1

Be able to build, maintain, and analyze large and complex databases of macro and micro information.

• Extract and collate appropriate datasets from data vendors such as Bloomberg, Reuters, Cline, etc., and organize the data into sub‑heads (macros, micros, sectoral, valuations).
• Understand industry growth trends by analyzing parameters affecting industry dynamics.
• Analyze data using a top‑down approach (international asset class, country, sector level) and a bottom‑up approach on assigned sectors to generate investment ideas for the investment team and clients.

KRA 2

Be able to conduct quantitative and qualitative analysis of companies in specific sectors and participate in team research activities.

• Analyze companies/sectors using tools like ratio analysis, time series, and cross‑sectional analysis to assess investment potential.
• Read relevant industry body materials and participate in industry conferences to maintain sharpness in investment analysis.
• Meet company managements to understand key sector trends, company trajectory, and future plans.
• Project earnings for medium and long term horizons.

KRA 3

Be able to disseminate research‑based output to investors/clients to aid investment decisions.

• Prepare investment arguments based on analysis findings and help the investment team build portfolios per investor risk/return frameworks.
• Contribute to team efforts for strategic investment reports, morning sales notes, concalls, and weekly reports.
• Increase research team visibility by contributing articles to various media outlets.