Kolkata, 26th November 2019: The Finance and Investments Club at the Indian Institute of Management, Calcutta, hosted the first ever stock pitch competition on the campus over the weekend. The competition was aimed at equipping students understand how the Indian stock market works and generate interest towards the field of equity markets.
Commenting on the collaboration with IIM Calcutta,Mr. Gagan Dixit, Vice President, Elara Capital said, “IIM Calcutta in collaboration with Elara Capital organized this stock pitch competition to help students to understand equity market investment fundamentals via interaction with CIOs and Senior Fund Managers of large fund houses. This will help students to gain insights on the nuances of equity management, as well absorb the industry experience from experts.”
More than 20 teams from various programs of IIM Calcutta participated in this competition, and 3 teams were shortlisted for the final round. The teams were to present a summary of a potential strategic investment idea in front of a panel of judges.
The presentation of all the three teams were analyzed by a jury panel of stock market experts comprising of Mr. Harendra Kumar, Managing Director, Elara Capital, Prof. Ravi Muthukrishnan, Head of Research, Elara Capital, Mr. Navneet Munot, CIO, SBI Mutual Fund, & Mr. Manish Gunwani, Reliance Nippon India Mutual Fund. The event started with a panel discussion with equity market specialists Mr. Navneet Munot, CIO, SBI Mutual Fund, & Mr. Manish Gunwani, Reliance Nippon India Mutual Fund.
The team consisting of Lakshit Bansal, Sweta Birdika and Twinkle Bhagaria were selected as the winners and were awarded a cash prize of INR 50,000. The runner-up team won an amount INR 30,000.
Talking about their idea, the winning team said, “We wanted to pick a stock of a company that has a good business model, a great management team and is purchasable at a reasonable price. Keeping these criteria in mind, VIP Industries (Luggage manufacturers) checked all these boxes and we feel that with the millennial generation, the Travel & Tourism sector will be on the rise, thus boosting the luggage sector.”