In this article I am sharing a list of Google Groups which I find useful when I need to access equity research reports on Indian stocks.
Doing your own analysis
I am an advocate of doing your own analysis.
You might ask why I look at equity research reports by broking houses. The reason is simple. I do not look at the Valuation section in these reports. I only read the other sections. It is useful to get a summary of the sector and the business behind a particular stock.
It saves time.
It adds to what one might have missed in the material that the company discloses on their website.
There are certain companies which do not have earning calls with analysts. Still, they interact on a one-to-one basis with analysts if need be. This information reaches the research report. It is tough to get this data on your own.
Theoretically, if one is a shareholder of a company (even if you own one share) you can reach the Company Secretary (details on the company website) and ask queries to the extent that the company is disclosing information to the public.
Practically, getting access to management it is not easy. Management might make you run through hoops or make you wait. The same management might open up to an analyst from a broking house even if they do not own shares in the company.
Research reports are a valuable part of the investing process, provided you do not get carried away with target prices and recommendations, which might be biased. Read them for the facts only.
Google Groups for free equity research reports – India
You can use these links to various Google Groups which I use regularly.
https://groups.google.com/
https://groups.google.com/
https://groups.google.com/
https://groups.google.com/
https://groups.google.com/
https://groups.google.com/
https://groups.google.com/
I recommend not using the email option when you sign up for any Google Group. It may lead to clogging your inbox because some of these groups are updated very frequently. It might be better to check it intermittently.
Alternatively, when you actually want a particular stock research report, go to these groups and check whether there is any relevant report.
I hope this is useful to you too. If you use any other resources which are free, do let me know. I will share it with the Capital Orbit Community.
keyur says
Thanks Kunal. what are your views on orbit exports. It is fundamentally very strong. The current promoter used to be the client of this loss making company. He took over made it into a profit making company. He is increasing his stake. i had invested in it before 2 and half years.
Kunal Pawaskar says
Thanks for the lead Keyur. I have not studied Orbit Exports before. I will check. What area are they in? Do they have decent return on equity?
keyur says
They are into fabrics such as faux silk, ready made Christmas products. half exports half domestic market. impeccable roe. They are looking at capex.
Kunal Pawaskar says
Ok.
What would their strength be? Is it price difference alone or anything more?
keyur says
Their strength in my view is their tie-ups with international fashion houses such as Calvin Klein and many more and computer aided designs. China is a more economical in providing bulk prints whereas India is a better market for customized computer aided design fabrics then China
Kunal Pawaskar says
Ok. Looks interesting. I will put this in my “to-check” list for the coming week. Thanks. I will share what I find with you. Would be good to exchange notes.
Karpagavalli says
Hi,
This list is very useful. Thanks. I have joined or applied to join these groups. However, I found that immediately after filling in the ‘Apply for membership’ dialog box for joining https://groups.google.com/forum/#!forum/researchreports, I immediately get the message ‘You do not have permission to join this forum’. Why is this so?
Regards,
Karpagavalli
Kunal Pawaskar says
Hi Karpagavalli,
I faced a problem when I tried to join the group again. I am already a member. So I don’t face the problem that you face.
I will try removing myself from the group and joining again or doing it with some other ID. I will give an update.
Regards,
Kunal
Saqib says
Hi Kunal,
I’ve contacted the owners of these groups for approval but my membership is still pending. Are these groups still active? Pls can u help me get access –
https://groups.google.com/forum/#!forum/equity-research-reports
https://groups.google.com/forum/#%21forum/researchreports
https://groups.google.com/forum/#!forum/indiaequityresearch
Best Regards,
Saqib
Saqib says
Hi Kunal, my subscription to these groups is still pending for over a month? Are u still using these groups? Are they active?
https://groups.google.com/forum/#%21forum/equity-research-reports
https://groups.google.com/forum/#%21forum/researchreports
https://groups.google.com/forum/#%21forum/indiaequityresearch
Nikhil says
Very Interesting Article. Thank you so much for the efforts.
I used to look for the DeadPresident Blogspot earlier.
It was up to date earlier. But now seems to be slow. The last report is of the 29th Oct.
Which one of the above you found most useful in chronological order.
and are there Yahoo Groups also which could be useful
Regards,
Nik
Ajit says
Very useful article.
The links are quite useful. Getting a bit greedy, but have you come across some more resources for reports off late?
Piperr says
Awesome post keep sharing the valuable information!!!