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India Strategy Report

13/10/2025

Headwinds likely to wane off soon

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Our Research Team

Amnish Aggarwal Director – Institutional Research Experience: 30+ years

With over two decades of experience in the capital markets, Amnish Aggarwal brings a wealth of knowledge and expertise to his role. He joined PL in 2013 and leads a 30+ member research team.

Amnish is instrumental in generating investment ideas for institutional clients and preparing detailed research reports on result updates, sectoral, thematic trends, and other domestic and global events impacting the markets. His flagship India Strategy report, released twice quarterly, is highly sought after by industry veterans and investors.

He is known for his deep analytical skills and has a comprehensive understanding of companies spanning various sectors with an expertise in consumption-related sectors.

His contributions have earned recognition through rankings in Asiamoney and Institutional Investor, and he has been honored with the Starmine awards in 2009 and 2010.

Amnish holds a CFA qualification and is a Rank Holder in his Post Graduate Degree in Finance from the Institute of Chartered Financial Analysts of India (ICFAI)

Swarnendu Bhushan Co. Head of Research Experience: 23+ years

Swarnendu Bhushan is a seasoned professional with 23+ years of experience. He joined PL in 2023 as the Co-Head of Research.

He has extensive experience in equity research, oil & gas, and chemicals sector with in-depth understanding of upstream, downstream and gas utilities.

His expertise lies in his ability to identify and analyse global and domestic trends in the sector and providing valuable insights to clients for managing their equity investments effectively.

Swarnendu holds a B.Tech and M.Tech in Chemical Engineering from IIT Kharagpur and the National University of Singapore, respectively. He has also completed his MBA in Finance from the Indian School of Business (ISB), Hyderabad.

Vikram Kasat Head – Advisory Experience: 13+ years

Vikram Kasat leads the client and partner Advisory desk at PL. He has 13+ years of experience in equity research, portfolio management, and financial planning.

After joining PL in 2014, Vikram has been instrumental in scaling the advisory research desk, which provides tailored investment strategies that align with clients’ financial goals and risk profiles.

His expertise lies in conducting in-depth sector analyses and identifying lucrative investment opportunities for clients. He possesses a keen understanding of broader market trends and macro-economic issues, which allows him to offer valuable insights and actionable recommendations. His signature thematic report, The Beat, is highly sought-after by clients and industry veterans.

Vikram has completed his MBA in Finance from Chetana Institute Of Management & Research, and holds a bachelor’s degree in commerce.

Vaishali Parekh Vice President, Technical Research Desk Experience: 18 years

Vaishali Parekh brings over two decades of invaluable experience to her role as Vice President of the Technical Research Desk.

She joined PL in 2006 as a Trainee at the technical research desk and now leads this research vertical.

With a keen eye for detail and a deep understanding of market dynamics, Vaishali excels in analysing price charts, identifying patterns, and generating trading strategies across intraday, positional, and long-term horizons. Her timely calls have a consistently high strike rate and are relied upon by retail & HNI clients, institutional clients, and franchisee partners.

Vaishali has completed her graduation in commerce from RA Poddar college in Mumbai. She has also completed several courses, including the ones offered by BSE, as well as by technical analysis veterans Dr CK Narayan and Rahul Mohindar.

Shilpa Rout Associate Vice President – Derivatives Experience: 6 years

Shilpa Rout heads the derivatives research desk. Since joining PL in 2018, she has consistently delivered exceptional results for clients with a balanced risk-return ratio.

She is known for her powerful trade calls and her ability to generate aggressive yet well-calculated outcomes. This ensures that her calls maintain a consistently high strike rate.

Under Shilpa’s leadership, the derivatives research desk shares daily, weekly, and thematic reports which are highly sought-after by traders. She also frequently conducts live market webinars, which provide invaluable guidance and actionable insights for aspiring F&O traders.

On the academic front, Shilpa holds an MBA from KIIT University.

PL’s Views in the News

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Bazaar Open Exchange | Amit Anwani | CNBC TV18

20 Feb 2025 Watch now
3 stocks to buy | Vaishali Parekh | Mint

3 stocks to buy | Vaishali Parekh | Mint

20 Feb 2025 Read more
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Bazaar Morning calls | Amnish Aggarwal | CNBC TV18

18 Feb 2025 Watch now
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Munafe Ki Tyaari | Shilpa Rout | CNBC Awaaz

18 Feb 2025 Watch now
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NSE Closing Bell | Amisha Vora | CNBC TV18

14 Feb 2025 Watch now
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India Tonight | Arsh Mogre | ET Now

14 Feb 2025 Watch now
3 stocks to buy | Vaishali Parekh | Mint

3 stocks to buy | Vaishali Parekh | Mint

28 Jan 2025 Read more
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Markets are in a risk-transition phase | Siddharth Vora | CNBC-TV18

22 Aug 2024 Watch now
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Market Outlook For 2025 | Amisha Vora | ET NOW

26 Dec 2024 Watch now
High market volatility expected over the medium-term | Sandip Raichura | Business Standard

High market volatility expected over the medium-term | Sandip Raichura | Business Standard

19 Dec 2024 Read more

PL Ringside View

Our fireside chat series where industry experts and top management share valuable insights for our clients

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Mark Mobius on India’s Growth, Global Markets, and Investment Opportunities

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₹100 cr net profit in 7-12 months | Anjali Nashier, Revolt Motors

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India's Path to Energy Security | Dr. Praveer Sinha, MD & CEO, Tata Power

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Maritime Amrit Kaal Vision 2047: Strategic Investments, Future Plans & More

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On the Fast Track: RVNL’s Ambitious Growth Journey

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Real Experiences, Real Results - Here’s what our clients and partner say about us

Shaila Armorikar Nagpur

“PL Advisory calls are a very good tool for investors, as they don’t need to track the market. All they need to do is relax and enjoy the profits from the trades executed by experts”

S P Securities Kolhapur

“By following PL’s Advisory calls, our clients have been able to enjoy good profits without worrying about market volatility. A big thanks to PL’s advisory research team for this valuable service”

Vivek Anand Singhania Kolkata

“Due to PL’s accurate research calls, we have been making fantastic gains.”

Subrahmanyam Meduri Hyderabad

“PL’s derivatives calls are timely and accurate. We are very happy with the results!”

Sachin Mehta Mumbai

“In these volatile market movements, I see that your directional call on Nifty is bang on (even on intraday basis) and very much appreciated. Keep the good work going.”

Ramachandra Rao Bengaluru

“I have been a beneficiary of some of the calls given by PL. The trading calls are backed with knowledge and skill!”

Bindumadhav B Desai Hubli

“Followed all 4 stocks in the thematic analysis report on metal. It produced great results as per analysis. PL Team is doing great work!”

Mitul Patel Baroda

“I have been a client of PL for more than 20 years, and have always had a great experience. PL has definitely made equity trading and F & O trading easier. They provide excellent good support through multiple mediums, including phone, SMS and email.”

Mahadevan Chennai

“I have been a PL client since 2019, and can confidently say that it is the best brokerage. I really like the timely and detailed investment research calls. Their support in terms of research and technology differentiates them from the rest, and I am very happy with PL’s service.”

Awards won by our research team

FAQs on Stock Market Research

Stock Analysts conduct in-depth research and analysis on publicly listed companies, industries, market trends, and the economic indicators to provide valuable insights and recommendations for investors. For this, stock analysts can use different types of research, including fundamental, technical, and quantitative analysis.

They evaluate financial statements, assess business models, technical indicators and charts to provide insights into the potential performance and valuation of stocks. Ultimately, their goal is to help investors make informed and data-backed decisions by identifying investment opportunities and risks in the stock market.

To research the share market, or individual stocks, different methods of research can be used such as fundamental, technical or quantitative research. 

You can also combine different research styles and make informed investment and trading decisions to navigate the complexities of the share market.

  1. Fundamental Analysis: This involves analyzing a company’s financial statements, such as revenue, earnings, and cash flow, to assess the intrinsic value of a stock. You can also evaluate factors like industry trends, competitive positioning, and management quality to gauge a company’s long-term valuation.
  2. Technical Analysis: Here, you study past price and volume data to identify patterns and trends that may indicate future price movements. Charts and technical indicators are used to make predictions about stock behavior and timing entry and exit points.
  3. Quantitative Analysis: Here, you can use mathematical models and statistical techniques to analyze large datasets and identify opportunities. Algorithms can be developed that automatically execute trades based on predefined criteria.

Over and above this, analyzing economic factors such as interest rates, inflation and geopolitical events is crucial to assess the overall market sentiment and its impact on stock prices.

After becoming a PL client, you get access to all types of research and calls including fundamental, technical, commodities, currencies and derivatives for free. 

We pride ourselves on our research and are voted as one of the best equity research houses in India. With access to PL’s research across various asset classes, investors can gain a competitive edge with superior performance.

As a beginner, you can start by studying the financial statements of a listed company. These are easily available online and will give you a fair idea of its performance. Use free online resources and stock screeners to identify potential investment opportunities. You should also seek guidance from experienced investors or financial advisors who can provide personalized advice and guidance based on your financial goals and risk tolerance.

If you wish to avoid the hassle, you can open an account with PL and as a PL client, you will also get access to our detailed fundamental and technical research reports. These reports will help you make informed investments.

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