SOURCE: Institutional Investor

Institutional Investor

November 16, 2015 17:15 ET

Kotak Securities Is Champion of Institutional Investor's 2015 All-India Research Team

Credit Suisse, Macquarie Capital Securities Make Strong Gains in Annual Ranking of Nation's Best Sell-Side Analysts

NEW YORK, NY--(Marketwired - Nov 16, 2015) - Kotak Securities jumps two notches to land in the top spot for the first time on the All-India Research Team, Institutional Investor's exclusive annual ranking of the nation's leading sell-side equity analysts. The firm captures 11 total team positions, two more than in 2014.

Complete results can be found at

Credit Suisse, in second place, also increases its team total by two, to nine, and as a result leaps three places.

The year's biggest gainer is Macquarie Capital Securities, which rockets from No. 12 to No. 3 after picking up four positions, for a total of seven. It shares the third tier with last year's winner, Morgan Stanley, whose total falls by four.

The order changes when results are weighted -- that is, a rating of four is assigned to each first-place position, three to each second-place position and so on. Credit Suisse then rules the roost, with a weighted score of 28, followed by Kotak, with 26. Morgan Stanley holds steady in third, with a score of 16.

Deutsche Bank -- which ties for eighth place overall (with Bank of America Merrill Lynch and Nomura), with four positions -- lands at No. 4, with a weighted score of 12. Macquarie is just behind, with 11; it shares fifth place with Nomura.

Appearing on this year's rosters are 71 individuals from 22 firms, including four that didn't appear last year: Antique Stock Broking, Batlivala & Karani Securities India, IDFC Securities and PhillipCapital (India). Click here to view this year's rosters.

More than 150 analysts from some 30 entities met minimum-vote and other eligibility criteria but did not make the team, which is limited to the top three analysts or squads in each sector, plus runners-up where applicable. For more information, contact Alyssa Walker at or (212) 224-3677.

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