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At a recently-held annual symposium of the Indian Institute of Management — Ahmedabad — the Red Brick Summit, a stock-picking contest was organised by Motilal Oswal Asset Management Company to encourage business students to showcase their stock selection skills.
The second edition of Motilal Oswal Think Equity Think QGLP Contest was held at IIM-Ahmedabad campus on Tuesday October 2, where students from top B-schools exhibited their stock-picking skills in front of the jury.
Total 59 B-schools participated in the contest, where 10 teams were short-listed by Raamdeo Agrawal, Chairman of Motilal Oswal AMC and other senior fund managers including Sandeep Kothari (Portfolio Advisor-Fidelity India Focus Fund) and Rajeev Thakkar (CEO and Director at PPFAS Mutual Fund).
The stock-picking was based on the quality of business, growth prospects, longevity of Q&G and price of the stocks. The 10 finalist teams and their stock ideas were placed before the jury members.
IIM-Ahmedabad covered DCB Bank, while first runner-up JBIMS covered Maruti Suzuki followed by second runner-up, IIM-Bengaluru, who covered Jamna Auto.
The top three investing ideas selected as winners by the panel got prize money of ₹5 lakh, ₹3 lakh and ₹1.5 lakh respectively. This year, remaining seven teams were also given prize money of ₹50,000 each.
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