Making students understand how stock market works

S Vishnu Sharmaa, INN/Chennai, @Svs037 

Making students understand the way stock markets do their job was the motive behind the ‘Stock Pitch Competition’ held on the premises of Indian Institute Management Calcutta.

Finance and Investments Club located at the campus of the prestigious organisation conducted the competition where the winning team’s idea was based on VIP Industries’ Stock and it won them a cash prize of Rs 50,000.

The team that took away the first prize had Lakshit Bansal, Sweta Birdika and Twinkle Bhagaria as its members. The runners-up team won the prize amount of Rs 30,000.

Their idea was to chose a stock of a company that has fine business model, an excellent management team and is purchasable at a reasonable price, said the members of the winning team.

‘Having these points in mind, VIP Industries (Luggage manufacturers) checked all these boxes and we felt that with the millennial generation, the travel and tourism sector will be on the rise, thus boosting the luggage sector.’

Gagan Dixit, vice president, Elara Capital said this stock pitch competition was for helping students understand equity market investment fundamentals through an 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, he said.

While the contest also aimed at generating interest among the students towards the sector of equity markets, more than 20 teams from various programs of IIM Calcutta participated in the competition and three teams were shortlisted for the final round. They had to present a summary of a potential strategic investment idea in front of a panel of judges.

The presentations of all the three teams were analyzed by a panel of stock market experts comprising of Harendra Kumar, Managing Director, Elara Capital, Professor Ravi Muthukrishnan, Head of Research, Elara Capital,  Navneet Munot, CIO, SBI Mutual Fund and Manish Gunwani, Reliance Nippon India Mutual Fund. A panel discussion was also held during the event in which equity market specialists Navneet Munot and Manish Gunwani.

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