Equity Research Challenge

The Finance Club, IIM Kashipur, brings you the Equity Research Challenge (ERC), the sixth edition of a research-based competition that involves the analysis of a set of companies in a particular sector. In two consecutive online rounds, the competition will test your financial acumen, analytical skills, and business knowledge. Eligibility: The competition is open to all full-time students of any undergraduate degree or post-graduation courses, pan-India. Team Size should be 1-3 members, and all the team members should be from the same organisation. Entry to this competition is free. Round 1 - The Finance Quiz: This will be an eliminatory quiz round, consisting of questions to test the knowledge of the basics of Finance. The quiz can only be attempted by the group leader. The quiz duration will be 30 minutes. The window will be open for 38 hours, between 10:00 AM on 17th October 2026 and 11:59 PM on 18th October 2026, during which the students can attempt the quiz at any time. There won’t be any negative marking for wrong answers. The quiz round will be an eliminatory round, and hence only the selected teams will get the chance to submit their report for the next round. Round 2 - Online Report Submission Round: The qualifying teams would be required to submit a detailed equity research report after analysing the sector of their choice. Based on the Sector, the teams can choose any Large-cap or Mid-cap company they want to go ahead with, and after accomplishing the analysis, they would be required to submit the equity research report on that particular company. You can refer to the equity research report essentials provided by the CFA Institute (here) to get insights on how to ace an equity research report. Evaluation: Based on the quality of the submitted reports, the participating teams will be judged by the panellists on various parameters. The decision by the Panel would be final and binding on all the participants. Plagiarism or violation of any of the above-stated rules will lead to the disqualification of the respective team.