Equity L/S Analyst | Forensic Accounting | India, Yellowstone Equity

Ankit Agrawal, CFA

I possess investment research experience across asset classes and geographies, acquired at Investcorp (New York) and Howe & Rusling (Rochester). At Investcorp, an alternative asset manager, I was part of an investment team managing >$1bn in discretionary client assets. I was also a member of investment recommendation, monitoring, cross-asset strategy and macro outlook committees that met periodically for investment decisions and top-down views. At Howe & Rusling, a long-only asset manager, I helped cover US large-cap equity investments across sectors for growth and income focused portfolios as well as assisted in managing a US small-cap growth focused equity portfolio. I possess an MBA in finance and corporate accounting from University of Rochester in US, a CFA Charter, and an Engineering degree from Indian Institute of Technology Bombay in India.  

My current focus is L/S equity fundamental research across market cap and sectors with an eye on corporate governance and forensic accounting. I am currently based in India and my current coverage universe is biased towards India.

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Regulatory Disclosure: Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details -
Address: A-602, Titanium Business Park, Makarba, Ahmedabad - 380051 |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289

Compliance/Grievance Officer -
Name: Ankit Agrawal |
Email: services@yellowstoneequity.com |
Mobile: +91-7575817289
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Equity L/S Analyst | Forensic Accounting | India

ITC Rejection Barrier and Fresh Long Target

ITC Limited (ITC IN) | Channel Interactions Suggest No Change on the Ground

AGM Diaries | ITC - Some Things Never Change

Smartkarma Webinar | ITC: Can It Re-Rate?

ITC IN | No Catalyst for PE Re-Rating in the Near Term

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/itc-ltd" target="_blank" data-smartkarma-citation="entities:327:1" rel="noopener">ITC Ltd (ITC IN)</a> has become one of the most debated stocks within the investor and analyst community these days. The bulls argue that the FMCG business is turning around while the bears argue that it won't. Does the turnaround in FMCG business really matter for ITC's re-rating?</p>
<p>Which side should you be on? To help you determine, we first analyze what are the growth expectations the market is pricing in for ITC and then opine on whether these are realistic or not.</p>

ITC Ltd (ITC IN) has become one of the most debated stocks within the investor and analyst community these days. The bulls argue that the FMCG business is turning around while the bears argue that it won't. Does the turnaround in FMCG business really matter for ITC's re-rating?
Which side should you be on? To help you determine, we first analyze what are the growth expectations the market is pricing in for ITC and then opine on whether these are realistic or not.

ITC: Will Growth in FMCG Business Lead to Re-Rating?