THIRD TEAM
Mahesh Nandurkar CLSA Asia-Pacific Markets
Third-teamer Mahesh Nandurkar of CLSA Asia-Pacific Markets wins praise for being an “independent thinker,” as one grateful client puts it. In February 2010, Nandurkar upgraded Hindustan Unilever from outperform to conviction buy, at 224.38 rupees, on the strength of the Mumbai-based detergent and soap maker’s market-share gains and volume growth. The stock bubbled up 35.9 percent, to Rs304.85, and bested the broad market by 21.7 percentage points, through May 2011.