'Stock Pitch Competition' for IIM Calcutta students, winning team bags Rs 50,000 award
Kolkata/IBNS: The Finance and Investments Club at the Indian Institute of Management Calcutta in collaboration with Elara Capital, a leading investment bank, recently hosted the first ever stock pitch competition on the campus.
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, 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 three teams were shortlisted for the final round.
The teams presenedt a summary of a potential strategic investment idea in front of a panel of judges.
Twinkle Bhagaria & Mr. Manish Gunwani, Reliance Nippon India Mutual Fund
The presentation of all the three teams were analyzed by a jury panel of stock market experts comprising Harendra Kumar, Managing Director, Elara Capital, Prof. Ravi Muthukrishnan, Head of Research, Elara Capital, Navneet Munot, CIO, SBI Mutual Fund, and Manish Gunwani, Reliance Nippon India Mutual Fund.
The event started with a panel discussion with equity market specialists, Navneet Munot and Manish Gunwani.
The team consisting of Lakshit Bansal, Sweta Birdika and Twinkle Bhagaria were selected as the winners and were awarded a cash prize of Rs 50,000.
The runner-up team won Rs 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.”
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