Sonali Salgaonkar

Sonali Salgaonkar leads Jefferies India Small & Midcap Stocks, covering 20 stocks across ~8 sectors. She has over ~18 years of experience.

What We Are Known For:

Small & Midcap Stocks

Wide Coverage: A balanced approach to stock ratings with well-timed calls and thorough analysis on companies, a focus on growth drivers, earnings quality, FCF and accounting. In-depth industry knowledge coupled with strong corporate access + channel checks.

Experience Through Cycles: Sonali has built a good research franchise, especially in India Electronics, Manufacturing and EMS with multiple thematic reports, backed by Promoter Access and Key Industry contacts.

Anti-Consensus Stock Calls: Sonali has historically generated alpha by taking anti-consensus views in which she has high conviction, even when those views may appear threatened in the short term. Example: Our downgrade of DIXON generated significant client engagement.

Driving the debate/thought leadership. We apply our knowledge, experience and empirical research to generate high conviction calls that test received wisdom in the sector.

Kelly is recognized for early identification of cycle inflection points, deep insight into Chinese industrials’ global expansion, and translating China trends into global investment opportunities, supported by strong industry knowledge, policy insight and management access.

India

Globally integrated We are globally integrated, frequently collaborating (research products & global conference calls) with our colleagues across the world. This includes insights from Global Strategist Christopher Wood and bringing our Global Analyst to India / Indian Investors to discuss topics such as Semiconductors, Mobile Phones, Pharma among many others.

Local insight & Experience. We match global integration with locally-based capabilities with our coverage of 265 stocks across 15+ sectors making us the leading Foreign House by stock coverage in India. Our analysts often have 15-25 years of experience in their sectors