Sr Equity Research Analyst

Intellectual Capital HR Consulting Pvt. Ltd.; Indore District; On-site; INR 2,500,000 - 4,200,000; Full time

Job summary

Intellectual Capital HR Consulting Pvt. Ltd. seeks an Equity Research Analyst to join a leading capital markets firm in Mumbai. The role focuses on fundamental equity research, building financial models, and delivering independent investment recommendations.

Responsibilities include initiating coverage, setting target prices, publishing reports, and engaging with institutional investors and management teams. 8+ years of experience and CFA/CA/MBA (Finance) preferred.

Qualifications

• 8+ years of experience in Equity Research or Sell-Side/institutional research.
• Must cover listed companies and independently generate investment views.
• Experience in stock recommendations, target price setting and ratings.
• Strong financial statement analysis and modelling skills.

Responsibilities

• Conduct detailed fundamental research on listed companies across sectors.
• Independently analyse markets, business models, and growth prospects.
• Develop and maintain financial and valuation models.
• Initiate and maintain coverage with clear investment recommendations.
• Publish initiation reports, updates and sector research reports.
• Track quarterly results and investor presentations; engage with investors.

Skills

Fundamental Research

Stock Recommendations

Buy / Hold / Sell Ratings

Target Price Setting

Financial Modelling

Valuation

Earnings Forecasting

Financial Statement Analysis

Investment Thesis

Company & Sector Analysis

Research Report Writing

Institutional Investor Interaction

Education

CFA / CA / MBA (Finance)

Job description

Equity Research Analyst

Location: Mumbai
Experience: 8+ Years
Industry: Financial Services / Capital Markets

Role Overview

We are looking for an Equity Research Analyst to join the research team of a leading capital markets firm.

The role will involve conducting fundamental equity research, covering listed companies, building financial models, and generating independent investment recommendations including Buy, Hold and Sell ratings.

The candidate will be responsible for developing research views, setting target prices, publishing research reports and closely tracking companies under coverage.

Key Responsibilities

• Conduct detailed fundamental research on listed companies across assigned sectors.
• Independently analyse companies, industries, business models, financial performance and growth prospects.
• Develop and maintain financial models, earnings estimates and valuation models.
• Initiate and maintain coverage on companies and formulate clear investment recommendations.
• Assign and regularly review Buy / Hold / Sell ratings and corresponding target prices.
• Prepare and publish initiation reports, result updates, company reports, sector reports and thematic research reports.
• Track quarterly results, investor presentations, management commentary, corporate announcements and industry developments.
• Evaluate key business drivers, earnings growth, valuation, management quality, competitive positioning and investment risks.
• Conduct peer comparison and relative valuation analysis.
• Revise earnings estimates, target prices and investment ratings based on new information and changing business fundamentals.
• Participate in management meetings, analyst meets, investor conferences and earnings calls.
• Develop differentiated investment views and identify potential investment opportunities and catalysts.
• Interact with institutional investors, fund managers and sales teams to discuss research views and investment ideas.
• Provide timely research updates and actionable insights to clients.

Candidate Profile

• 8+ years of experience in Equity Research.
• Prior experience in Sell-Side / Institutional Equity Research is preferred.
• Must have experience covering listed companies and independently generating investment views.
• Should have hands-on experience in stock recommendations, target price setting and Buy / Hold / Sell ratings.
• Strong understanding of financial statements, business analysis, valuation and financial modelling.
• Ability to independently build an investment thesis and defend research views.
• Strong research report writing and communication skills.
• Experience interacting with institutional investors, fund managers and company management would be an advantage.
• CFA / CA / MBA (Finance) or equivalent qualification would be preferred.

Key Skills

• Fundamental Equity Research
• Stock Recommendations
• Buy / Hold / Sell Ratings
• Target Price Setting
• Financial Modelling
• Valuation
• Earnings Forecasting
• Financial Statement Analysis
• Investment Thesis
• Company & Sector Analysis
• Research Report Writing
• Management Interaction
• Institutional Investor Interaction

Preferred Background

Sell-Side Equity Research | Institutional Equity Research | Brokerage Firms | Capital Markets Firms

Candidates should ideally have a demonstrated track record of publishing research and generating actionable stock calls/recommendations.