THIRD TEAM
Kapil Singh Nomura
Kapil Singh of Nomura lands on the third team. “You learn to respect Kapil’s views and recommendations more than other analysts’,” declares one buy-side supporter. Here’s one reason why: Way back in March 2009, Singh initiated coverage on Mahindra & Mahindra with a buy rating, at a split-adjusted 187.28 rupees, largely on a rise in rural demand for the Mumbai-based manufacturer’s general-purpose utility vehicles. The stock had catapulted to Rs672.10 by the end of May 2011, an eye-popping 258.9 percent advance that trounced the sector by 117.1 percentage points.