The Finance and Investments Club at the Indian Institute of Management Calcutta hosted a stock pitch competition on the campus for the first time over the weekend. The competition was aimed at helping students understand how the stock market works and generating interest in the equity market.
Gagan Dixit, Vice-President, Elara Capital, said: “IIM Calcutta in collaboration with Elara Capital organised this stock pitch competition to help students understand equity market investment fundamentals via interaction with CIOs and senior fund managers of large fund houses. This will help students gain insights on the nuances of equity management, as well as absorb the industry experience from experts.”
More than 20 teams from various programmes of IIM Calcutta participated, and three teams were shortlisted for the final round. The teams were to present the summary of a potential strategic investment idea to the panel.
The presentations of all three teams were analysed by a jury panel of stock market experts comprising Harendra Kumar, MD, 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 team of Lakshit Bansal, Sweta Birdika and Twinkle Bhagaria were named the winners and awarded a cash prize of ₹50,000. The runner-up team won an ₹30,000.
Talking about their idea, the winning team said: “We wanted to pick the 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 the boxes, and we feel that with the millennial generation travelling a lot, the travel and tourism sector is set to grow rapidly, thus boosting the luggage sector.”