Bhaskar Narayan Basu

India Research

Bhaskar Basu covers Indian metals and mining/ steels and India Financials (Non-Banks). He has around 16 years of sell side research experience. Bhaskar joined Jefferies in June of 2015, following over 7 years at Bank of America Merrill Lynch as the lead analyst covering Indian metals and mining, steel and coal sector. Prior to this, Bhaskar was in Morgan Stanley, India where he covered the Indian soft commodities and agricultural sector. Bhaskar was ranked no. 1 stock picker in diversified financials, no 1 earnings estimator in Industrials in 2013 and no. 3 earnings estimator in Metals and Mining in 2014 by Starmine. Bhaskar was ranked third stock picker in Basic Resources in Asia by Wall Street Journal in 2012. Bhaskar started his career in ABB where he worked as a marketing engineer. Bhaskar, a CFA Charter holder, holds a B.Tech in Mechanical Engineering from IIT Kanpur and an MBA from XLRI Jamshedpur

What I am Known For

  • I have published a combination of deep-dive and differentiated reports on the NBFCs. I have also initiated coverage on multiple segments of NBFCs in past few years inlucing affordable housing, auto, gold & diversified finance.
  • My corporate access is also strong and diversified across companies. I hosted differentated access to branches and operational hubs of NBFcs to give on-the-ground understanding of businesses.

How I am Different

  • I take non-consensus calls on the sector & companies and majority of our ratings are clear BUY to UPF.
  • I have also expanded coverage in a meaningful manner and initiated on many banks and NBFCs.
  • Some of my non-consensus calls have been to be overweight on stocks like Shriram Transport, Cholamandalam. I have had non-consensus underweight on stocks like MMFS, SBI Cards & Piramal Enterprises.

Key Research Highlights

Upcoming Corporate & Strategic Access

  • Events: NBFC Tour (Sep-24)
  • NDR: Poonawalla Fincorp (US, UK), Aavas (SG), MMFS (SG. HK).