Senior Equity Research Analyst

Location: Mumbai

Experience: 8+ Years

Industry: Financial Services / Capital Markets

About the Role

We are looking for an experienced Equity Research Analyst to join the research team of a leading Capital Markets / Financial Services firm in Mumbai.

The role will focus on fundamental equity research, coverage of listed companies, financial modelling, valuation and generating independent investment recommendations . The candidate should have a strong track record of developing differentiated research views, setting target prices and publishing actionable research.

Key Responsibilities

- Conduct detailed fundamental research on listed companies across assigned sectors.
- Independently analyze companies, industries, business models, financial performance and growth prospects.
- Build and maintain financial models, earnings estimates and valuation models .
- Initiate and maintain coverage on companies and develop clear investment theses.
- Generate Buy / Hold / Sell recommendations and set target prices.
- 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 business drivers, earnings growth, valuation, management quality, competitive positioning and key investment risks.
- Conduct peer comparison and relative valuation analysis.
- Regularly revise earnings estimates, target prices and recommendations based on changing 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.
- Strong experience in Sell-Side / Institutional Equity Research .
- Proven experience covering listed companies and independently generating investment views.
- Strong track record of stock recommendations, target price setting and Buy / Hold / Sell calls .
- Strong institutional votes / research rankings are highly preferred.
- Candidates with established credibility and recognition among institutional investors will be preferred.
- Strong understanding of financial statements, business analysis, valuation and financial modelling.
- Ability to independently build and defend an investment thesis.
- Strong research writing and communication skills.
- Experience interacting with institutional investors, fund managers and company management .
- CFA / CA / MBA (Finance) or equivalent qualification would be preferred.

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

Ideal Candidate

We are specifically looking for candidates who have a demonstrated track record of publishing research, generating actionable stock calls and building strong institutional investor relationships .

Candidates with robust institutional votes / brokerage research rankings will be given preference.

📌 Senior Equity Research Analyst (Mumbai)
🏢 Intellectual Capital HR Consulting
📍 Mumbai