Senior Research Analyst

Job Summary

We are looking for a Senior Research Analyst – Buy Side to support the investment team through detailed fundamental research and sector analysis. The role involves tracking companies across sectors, building financial models, identifying investment opportunities, and monitoring industry and market developments. The candidate should have a strong understanding of valuation methodologies, experience in primary research and channel checks, and the ability to present clear investment views. The role also requires active participation in investment discussions and collaboration with internal research and AI-driven tools.

Responsibilities:

·       Cover Multiple sectors with deep institutional-grade research, including channel checks, primary data work.

·       Build and maintain detailed earnings models, including normalised/mid-cycle earnings, replacement cost, scenario DCF, and SOTP where relevant.

·       Track quarterly results, management commentary, industry developments, and policy changes across coverage sectors and surface time-sensitive ideas to the PM.

·       Track special situations within coverage (open offers, demergers, mergers, restructuring) as event-driven alpha sources.

·       Identify and track cycle inflection points across sectors using capacity utilization, capex cycles, working capital trends, commodity prices, and  demand/supply mapping.

·       Produce high-quality written research outputs that meet institutional standards — explicit data sourcing, scenario analysis, and clear gap-flagging.

·       Participate in Investment Committee discussions with reasoned stock recommendations, sizing rationale, and explicit risk/exit frameworks.

·       Work collaboratively with the firm's internal AI research tooling, contributing to its refinement and using it to accelerate judgment-led analysis.

·       Provide informal guidance to junior analyst(s) as the team scales.

·       Minimum 5/6 years of equity research experience, with a buy-side orientation (PMS, AMC, AIF, family office, or buy-side-aligned sell-side desk). Pure broking-research backgrounds considered if accompanied by a clear investing mindset and modelling depth.

·       Track record of independently covering stocks, with the ability to walk through past calls — including the ones that did not work and why.

·       Comfort with multiple valuation methodologies appropriate to cyclical investing: cycle-adjusted earnings, replacement cost, EV/IC vs ROIC, scenario DCF, SOTP.

·       Bachelor’s in finance, Economics, Accountancy, Engineering, or a related field. CA / CFA / MBA Finance preferred.

·       NISM Series XV-A (Research Analyst) certification — required at offer or within 90 days of joining.

·       Working familiarity with SEBI PMS Regulations 2020 and Research Analyst Regulations 2014.

·       Active use of AI / LLM tools in research workflows (Claude, ChatGPT, NotebookLM, internal agents). Curiosity here matters more than current proficiency.

·       Experience with channel checks, primary research, and expert networks.

·       Excellent communication — capable of producing and communicating institutional research notes with explicit data sourcing and gap-flagging.