Sr Equity Research Analyst

Intellectual Capital HR Consulting Pvt. Ltd.; New Delhi; On-site; INR 3,500,000 - 6,500,000; Full time

Job summary

Intellectual Capital HR Consulting Pvt. Ltd. Mumbai is seeking an experienced Equity Research Analyst to join its capital markets research team.

The role involves conducting fundamental equity research on listed companies, building financial models, and generating independent investment recommendations. The candidate should have 8+ years in equity research, with Sell-Side/Institutional equity research exposure and a proven record of publishing actionable stock calls.

Qualifications

• 8+ years of experience in equity research.
• Experience covering listed companies and generating investment views.
• Experience in stock recommendations, target price setting and Buy/Hold/Sell ratings.

Responsibilities

• Conduct detailed fundamental research on listed companies across assigned sectors.
• Independently analyse companies, industries, 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 target prices.
• Publish initiation reports, result updates, company reports, sector reports and thematic research reports.
• Track quarterly results, investor presentations and industry developments.
• Evaluate drivers, earnings growth, valuation, management quality and risks.
• Conduct peer comparison and relative valuation analysis.
• Revise earnings estimates, target prices and investment ratings as needed.
• Participate in management meetings, analyst meets and earnings calls.
• Develop differentiated investment views and identify opportunities and catalysts.
• Interact with institutional investors, fund managers and sales teams to discuss research views.

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

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.