Equity Research Challenge

The Finance Club, IIM Kashipur, brings you the Equity Research Challenge (ERC), the sixth edition of a research-based competition that involves the analysis of a set of companies in a particular sector. In two consecutive online rounds, the competition will test your financial acumen, analytical skills, and business knowledge.

Eligibility:

• The competition is open to all full-time students of any undergraduate degree or post-graduation courses, pan-India.
• Team Size should be 1-3 members, and all the team members should be from the same organisation.
• Entry to this competition is free.

Round 1 - The Finance Quiz:

• This will be an eliminatory quiz round, consisting of questions to test the knowledge of the basics of Finance.
• The quiz can only be attempted by the group leader.
• The quiz duration will be 30 minutes.
• The window will be open for 38 hours, between 10:00 AM on 17th October 2026 and 11:59 PM on 18th October 2026, during which the students can attempt the quiz at any time.
• There won't be any negative marking for wrong answers.
• The quiz round will be an eliminatory round, and hence only the selected teams will get the chance to submit their report for the next round.

Round 2 - Online Report Submission Round:

• The qualifying teams would be required to submit a detailed equity research report after analysing the sector of their choice.
• Based on the Sector, the teams can choose any Large-cap or Mid-cap company they want to go ahead with, and after accomplishing the analysis, they would be required to submit the equity research report on that particular company.
• You can refer to the equity research report essentials provided by the CFA Institute (here) to get insights on how to ace an equity research report.

Evaluation:

• Based on the quality of the submitted reports, the participating teams will be judged by the panellists on various parameters.
• The decision by the Panel would be final and binding on all the participants.
• Plagiarism or violation of any of the above-stated rules will lead to the disqualification of the respective team.