Ahmedabad: Motilal Oswal Asset Management Company organized one of the biggest stock picking contest: ‘Motilal Oswal Think Equity Think QGLP Contest’ in collaboration with the “Red Brick Summit” the flagship Annual Symposium of IIM Ahmedabad.
This unique initiative from Motilal Oswal AMC provided a great forum for B-school students to test their stock-picking skills & present the same to a distinguished jury.
The ‘Motilal Oswal Think Equity Think QGLP Contest’ generated huge interest from the colleges across India. 54 reputed colleges/institutes participated in the contest. 13 teams were short-listed by senior fund managers at MOAMC who presented their stock-picking skills according to QGLP methodology of Motilal Oswal Financial Services. The 13 finalist teams & their stock ideas were as below
Garware Wall Ropes
Amara Raja Batteries
Xavier Institute of Managment
The stock ideas of all the 13 teams were analysed by a jury panel of stock market wizards comprising Mr. Raamdeo Agrawal (Chairman, MOAMC), Mr Ramesh Damani (Member of the Bombay Stock Exchange) and Mr Utpal Sheth (CEO and Senior Partner at Rare Group).
The top 3 investing ideas selected as winners by the panel got prize money of Rs 5 lakh, Rs 3 lakh and Rs 1 lakh respectively:
Congratulating the winners Mr Raamdeo Agrawal, Chairman MOAMC said, “The Motilal Oswal Think Equity Think QGLP contest was arguably India’s first and biggest stock pitch contest for B School students. We are very pleased with the 54 entries we received from across the country.
The key objective of the event was 3 fold, 1 to sensitize young minds about the huge opportunity in fund management 2. The importance of having a well articulated investment philosophy, to capitalize on that opportunity. And 3. The importance of starting early.
We believe the first edition of the contest significantly achieved this objectives. We will make this an annual event and will be back next year with a bigger and grander version spreading the equity cult to an even larger audience.”
At the successful completion of the contest, Shrey Jain, Secretary, The Red Brick Summit said,
“The team at The Red Brick Summit is extremely proud to have hosted the first edition of Think Equity Think QGLP contest. The event was a roaring success, with 60 participating college and 300+ entries from across the length and the breadth of the country. With some gruelling rounds, intense discussions with the best stock market gurus, we were able to identify the three best teams. They deservedly took back the generous prizes. The QGLP philosophy is here to stay, and was an incredible learning experience for all. With the quality of the event, the growth and the longevity will never be a doubt. We thank the MOAMC team for partnering with us for this initiative. The students of IIM Ahmedabad look forward to hosting the next edition of this event at The Red Brick Summit 2018.”
The aim for this contest was to educate the young generation on equity and process based equity investing plus to make their journey of focused investing shorter and exciting with the QGLP stock-selection methodology.