Equity Research

Veena Krishna | Equity Research Analyst | Quest Securities

What is Equity Research?

You may be curious about a Career in Equity Research. Unfortunately, it is very difficult to find information about What Equity Research actually is. Most pages on the internet just talk about How to get into Equity Research. It is best to learn about Equity Research from a real professional, this is akin to getting it from the horse's mouth.

Equity Research Analyst Veena Krishna has 4 years of professional experience in Equity Research. Here is how Equity Research Analyst Veena Krishna detailed Equity Research:

Equity Research primarily means analyzing company's financials, perform ratio analysis, forecast the financials (financial modeling) and explore scenarios with an objective of making BUY/SELL stock investment recommendation.

How Equity Research Analyst Veena Krishna got into Equity Research?

I was born and brought up in Mumbai. After completing my education I started my career as a Equity Research Analyst in the company called Quest Securities.

Equity Research Analyst Veena Krishna's Talk on Equity Research

The Journey of an Equity Research Analyst: Insights from Veena Krishna on the World of Investing Veena Krishna, a seasoned equity research analyst, shares her journey and experiences in the dynamic field of equity research. From her academic background in commerce and management studies in Mumbai to her first role at Quest Securities, Veena illustrates the essential elements of equity research. This article delves into the intricacies of her profession, covering education, skills, positives, challenges, and a typical day in the life of an equity research analyst. Join us as we explore her insights and the profound impact this career can have on both the analyst and their clients. What Is Equity Research? Equity research is a specialized field focused on analyzing and evaluating public companies to provide investment recommendations. The role involves deciphering complex financial data, understanding market trends, and delivering insightful analyses that guide investors. Equity analysts assess a company’s financial health, sector performance, and market behavior to inform buying or selling decisions for stocks. As Veena notes, public companies require guidance regarding their stock to attract public investment, making the role of an equity research analyst crucial in today’s financial landscape. Education Knowledge of Finance A strong foundation in finance is paramount for anyone pursuing a career in equity research, as the bulk of information derived from public companies is largely quantitative. As Veena emphasizes, analysts need to comprehend financial statements, forecasts, and other numerical data, which are critical for evaluating a company's performance. This educational background equips analysts with the tools necessary to interpret complex financial scenarios and contribute to informed investment decision-making. Knowledge of Stock Market Equity research analysts must also be well-versed in stock market operations and terminology. Familiarity with processes like initial public offerings, rights issues, and industry jargon—terms like "buy," "sell," and "hold"—is essential for effective communication and analysis, as mentioned by Veena. This knowledge enables analysts to navigate the stock market landscape adeptly and aids in making accurate predictions based on market trends. Accounting Understanding accounting is another vital component of an equity research analyst's education. According to Veena, an in-depth knowledge of accounting principles allows analysts to interpret balance sheets and assess the financial implications of corporate actions. This skill is crucial as it helps analysts explain how specific business events can affect a company’s financial standing. Skills Analytical The ability to analyze data is the cornerstone of equity research. As Veena notes, analysts must possess robust analytical skills to synthesize vast amounts of information from various sources quickly. This capability is essential for identifying trends and making sound investment recommendations based on thorough and nuanced research. Communication Effective communication skills are imperative in equity research, as analysts must articulate their findings clearly and concisely. Veena emphasizes the importance of writing skills in crafting research reports, along with the ability to engage with top management during interviews. This dual competence in communication ensures that the insights gathered resonate with clients and decision-makers. Time Management Given the volatile nature of the stock market, adept time management is crucial. Veena points out that analysts need to maintain a rapid pace in their research to keep up with constant changes in the market environment. This demands not only prioritization but also the foresight to predict how swiftly evolving conditions can affect investment strategies. Investing Skills Investing skills bring a layer of intuition and vision to the analytical framework. Veena highlights that while knowledge and analysis are critical, the ability to read between the lines and make informed predictions based on intangible factors can significantly impact decision-making. This skill set distinguishes successful analysts from their peers. Positives Networking One of the most significant advantages of a career in equity research is the networking opportunities it provides. Veena explains that analysts frequently interact with CEOs and upper management of various companies, forging valuable relationships that can enhance their careers. These connections often lead to better insights and collaboration in understanding companies' operational strategies. Financial Knowledge Equity research enriches analysts with extensive financial knowledge. As Veena notes, going through numerous balance sheets daily helps analysts grasp fundamental terms and metrics, empowering them with expertise that extends beyond their day-to-day work. This knowledge can also be leveraged for personal financial planning, resulting in better investment decisions for themselves. Stock Conducting research for others allows equity analysts to manage their personal investment strategies effectively. Veena mentions the advantage of being informed about stocks they are personally interested in, which can lead to savvy investment choices. However, transparency is key, as analysts must disclose any personal investments related to their recommendations. Challenges Intelligence Gathering One notable challenge in equity research is the quest for accurate and comprehensive information. Veena emphasizes the need for analysts to be vigilant during the intelligence-gathering process, as not all truths are laid bare within balance sheets or management interviews. Analysts must corroborate information through multiple channels to ensure their insights are valid. Externalities Analysts sometimes face unpredictable external factors that can dramatically alter market conditions. Veena cites an example where equity research recommendations may have been sound, but unforeseen events, such as fraud scandals, can disrupt market perceptions entirely. This unpredictability poses a significant challenge to maintaining credibility and accuracy. Reputation Risk Working in equity research comes with a considerable reputation risk. Analysts’ recommendations involve guiding investors' hard-earned savings, which heightens the stakes. Veena points out that when outcomes do not align with expectations, analysts are often quick to bear the brunt of criticism, regardless of external circumstances. Specialist Progression Career progression in equity research can be somewhat limited. Veena notes that while analysts can transition to roles such as fund managers, the upward mobility within the sector can be constrained, especially in terms of moving into higher organizational roles. This limitation prompts analysts to continually refine their skills to remain competitive within their niche. A Day Of Equity Research A typical day for an equity research analyst involves a meticulous routine of reading news articles about companies of interest and the sectors they inhabit. Veena describes how analysts engage in a comprehensive study of a company’s financial background over previous years, analyzing financial statements to assess ongoing performance. Following this initial examination, analysts arrange interviews with management, distilling insights that will contribute to their recommendations. As the day unfolds, they conduct SWOT analyses and engagement in notable discussions about market trends, ensuring they remain informed and agile in their analyses. In conclusion, the profession of equity research offers a unique blend of financial acumen, analytical rigor, and personal intuition, making it a rewarding career for those passionate about investing. Through her insights, Veena Krishna illuminates the essential elements of this field, highlighting its importance in guiding both institutional and individual investors in their financial journeys. As the markets continue to evolve, skilled equity analysts will remain integral to fostering informed decision-making in the world of finance.

Install the LifePage App to:

(for Free) Watch Equity Research Analyst Veena Krishna’s full Equity Research Career Talk

₹ Do a Self Assessment on Equity Research to calculate your Dream Index, which is defined as:

According to Veena Krishna your chances of success in Equity Research is __%

Access your personalized Dream Index Report which will have all your Dream Indices sorted in descending order.

How to get into

Equity Research?

If you are want to get into Equity Research, start by investing in a Career Plan.

The 14 hour process, guided by a LifePage Career Advisor, will help you introspect and check whether your interest in Equity Research is merely an infatuation or is it truly something you wish to do for the rest of your life.

Next, your Career Advisor will help you document how you can get into Equity Research, what education and skills you need to succeed in Equity Research, and what positives and challenges you will face in Equity Research.

Finally, you will get a Career Plan stating which Courses, Certifications, Trainings and other Items you need to do in the next 7 years to become world’s best in Equity Research.

LifePage Career Plan

14 hour personalized guidance program

Your LifePage Career Advisor facilitates your guided introspection so that you systematically explore various Career options to arrive at a well thought out Career choice.

Next: your Advisor helps you figure out how you will get into your chosen Career and how will you develop the skills needed for success in your Chosen Career.

LifePage Plan will not stop at saying "to become an Architect study Architecture". It will guide you on which Certifications, Trainings and Other items you need to do along with your Architecture education to become the world's best Architect.

Links for this Talk

Equity Research Analyst Veena Krishna's LifePage:

[LifePage]
https://www.lifepage.in/page/veenakrishna

LifePage Career Talk on Equity Research

[Career]
https://www.lifepage.in/careers/equity-research

[Full Talk]
https://lifepage.app.link/20161222-0001

[Trailer]
https://www.youtube.com/watch?v=9sAWJlesJJ0

(Equity Research, Veena Krishna, Quest Securities, Financial Research, Financial Modeling, Capital Markets, Economic Analysis, Financial Statement Analysis)

Similar Talks

Financial Management

Kapil Rawat
Financial Mgmt Associate | Citibank - New York, London, Dublin & Delhi

[ 1 year & 6 months Experience ]

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise.

"I did MBA from IESE Business School, Barcelona. After MBA I joined Citibank’s Financial Management Associate program in New York."

Financial Trading

Mar Michelle Häusler
Credit Flow Trader | JP Morgan, UBS

[ 6 years Experience ]

Financial Trading is buying and selling of financial instruments such as stocks, bonds, commodities, derivatives, and mutual funds.

"I am a graduate in Economics from University of Bath, UK. I worked for JP Morgan & UBS as a Financial Trader for a couple of years before taking freelancing work. Currently, I handle independent financial assignments for various clients."

Internal Audit

Harshit Gupta
Internal Auditor | Ernst & Young New Delhi

[ 3 years & 9 months Experience ]

Internal auditing is an Internal Operation where one assists the management in finding flaws, controls and ways to perform more efficiently. The word Audit means to check and therefore, Internal Auditing is the performing of that function of checking in an Organization.

"I am a Chartered Accountant. I did my schooling from St Josephs Academy, Dehradun. I then studied Commerce at and graduated from Delhi University. I completed studying Chartered Accountancy in 2013. I then, did a few internships. Thereafter, I started working at Ernst & Young at Delhi office as a Consultant in Internal Auditing."

Stock Broking

Peter Dixon
Stock Broker | Painter Smith & Amberg

[ 9 years Experience ]

Stockbroking is buying and selling of Financial Securities such as stocks shares and bonds through the stock market by a dealer (stockbroker) who acts as an agent on behalf of clients wishing to buy or sell securities.

"I did my graduation in finance from California State University, San Bernardino. I worked at a bank called Wells Fargo as a teller during my graduation.I moved on to become a stock broker at Wells Fargo after obtaining my License from the State of California. I also worked at Painter Smith & Amberg as a Stock Broker."

Asset Sales

Arjun Lal
Sales Manager | ICICI Bank, Goa

[ 8 years & 4 months Experience ]

Assets are related to loans and in asset sales, an individual is required to sell loans. The Loan Portfolio includes home loans, car loans, personal loans, credit cards, loans against property and gold loans. An asset manager needs to understand the customers asset requirements before offering them a particular loan.

"After completing my B Sc in Physical Education, I did my M B A from The National Institute of Management, Kolkata. I then got selected for ICICI Bank as an Asset Sales Manager and then persued my M A in Education from Azim Premji University."

Financial Management

Mar Michelle Häusler
Team Co-ordinator | The Awaken Love movement

[ 3 years Experience ]

Financial management refers to the efficient and effective management of money in such a manner as to accomplish the objectives of the organization.

"I am a graduate in Economics from University of Bath, UK. I then worked at JP Morgan & UBS as Financial Trader for some time. I was dissatisfied with the system and the way things worked. I then embarked on to my spiritual journey and enrolled myself in Schumacher College, UK for MA in Economics for Transition where one learns from ecology, outdoors and economics in a holistic way. I work as a Team Co-ordinator at Awaken Love and also handle independent financial assignments for various clients."

Financial Marketing

Sahil Midha
Sales Manager | Kognitive Marketing, Canada

[ 2 years Experience ]

A financial market is a market in which people trade financial securities, commodities, and value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds, and commodities include precious metals or agricultural products.

"I have done B Tech and M Tech in Mechanical Engineering and then worked as an Assistant Engineer in Power Plant Industry for 4 years. I am working as a Sales Manager at Kognitive Marketing in Canada."

Treasury Management

Vibhash Joshi
Assistant Vice President | General Electric

[ 3 years Experience ]

Treasury Management is the process of administering to the financial assets and holdings of a business. The goal of most treasury management departments is to optimize their company's liquidity, make sound financial investments for the future with any excess cash, and reduce or enter into hedges against its financial risks.

"After completing an MBA degree in Finance from MDI, Gurgaon, I joined General Electric in the Treasury department. I am currently serving as Assistant Vice President for GE."

Internal Audit

Naman Jain
Analyst | KPMG

[ 3 years & 3 months Experience ]

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization to accomplish its objectives by systematic, disciplined approach to evaluate and improve the effectiveness of risk management and governance processes. Professionals called internal auditors are employed by organizations to perform the internal auditing activity.

"After doing my schooling from St Norbert School Indore, I did my BBA from Symbiosis Centre for Management Studies, Pune. After that, I worked as a Graphic Designer and Content writer with Cara Cafe and Green Apple Advertisement, Pune. I am working as an Analyst with KPMG taking care of the Internal Audits of the company."

Financial Planning

Saral Agarwal
Founder | Saral Enterprise

[ 5 years & 2 months Experience ]

Financial Planning is the process of estimating the capital required and determining its competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise.

"After completing my certifications in Finance, I worked with Anand Rathi Securities as a relationship Manager for 1 year. In 2016, I started my own company with the name of Saral Enterprises where I work as an Independent Financial Advisor."

Investment Management

Anant Ramola
Director | Arthaprise Financial Advisors Pvt Ltd

[ 7 years & 8 months Experience ]

Investment management is the professional asset management of various securities (shares, bonds, and other securities) and other assets (e.g. real estate) in order to meet specified investment goals for the benefit of the investors. An Investment Manager ia an advisor to a client with one overriding goal: to substantially grow the client's portfolio. Investment Managers conduct interviews, research, and statistical analyses of companies, markets, and trends to determine what investments to make or avoid on behalf of their clients.

"After completing my MBA, I worked as a Relationship Manager at ING Vysya for 2.5 years. After that, I worked as Senior Manager at DBS Cholamandalam for a year. Then I worked as Assistant Vice President at Almondz Global for over 4 years. After that, I had a brief stint as a Chief Manager at Kotak Mahindra Bank for a year. Post that, I worked at Ameriprise Financial Services Private Limited as Assistant Vice President for 7 years. In 2018, I started my own venture called Arthaprise Financial Advisors and I am the Co-Founder and Director there."

Value Investing

Shaleen Seth
Vice President Research & Analytics | Seers Group

[ 5 years & 6 months Experience ]

Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis.

"After my graduation, I joined my father's business of Value Investing and while working in Value Investing, I did International Business Organization and M Com from IGNOO University. After that, I Started a Portfolio Management Company with the name of Seers Fund Management and I am the Vice President Research & Analytics."

Wealth Management

Achin Jain
Co-founder | Client Alley

[ 16 years Experience ]

Wealth management is a consultative process whereby the advisor gleans information about the client's wants and tailors a bespoke strategy utilizing appropriate financial products and services.

"I did BE Honours from College of Engineering Roorkee and MBA from Pune University. After my education, I started working with various banks and in 2014, I started my own Wealth Management Company with my friend in the name of Client Alley."

Wealth Management

Dhananjay Kumar
Director | Arthaprise Financial

[ 15 years & 2 months Experience ]

Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. It is a consultative process whereby the advisor gleans information about the client's wants and tailors a bespoke strategy utilizing appropriate financial products and services.

"After completing my graduation, I did wealth management certification from CIEL. I had worked for 15 years with various financial planning and wealth management companies such as Deutsche Bank, Aditya Birla Management etc. I have started my own company for the same in 2018 by the name of Arthaprise Financial."

Financial Control

Hang Mai
Management Controller | Servier

[ 5 years Experience ]

A financial controller is responsible for ensuring that all accounting allocations are appropriately made and documented. In smaller companies, the controller may also perform cash management functions and oversee accounts payable, accounts receivable, cash disbursements, payroll and bank reconciliation functions.

"I finished my schooling from Vietnam after which I went to frnace from where I did my Graduation in Biology and Masters in Business Management.I started my career with Ernst & Youngas Auditor. I worked with one more for 1 year as Counselor.Currently I am working SERVIER as a Financial Controller."