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Motilal Oswal, ICICI Securities shine at Zee Business awards

Top honchos Ajit Gulabchand of HCC, Harsh Mariwala of Marico, Nirmal Jain of India Infoline and Chanda Kochhar ICICI Bank too bag awards at the event

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The curtains for India's Best Market Analyst Awards 2014 were finally drawn at a grand gala with the guest of Honour Amit Shah, president of the Bharatiya Janata Party, giving away awards to 24 recipients for their contribution to industry, trade and broking research.

Motilal Oswal Securities and ICICI Securities topped the list by bagging two awards each in a row. The awards were received by Motilal Oswal and ICICI Securities's Amit Gupta and Sanjay Manyal, respectively.

While MOSL was recognised for its equity research in IT and commodity (forex) segments, ICICI Securities was adjuged best in the FMCG and derivative equity categories.

Jay Thakkar of Sharekhan was honoured with the best award in the technical category and Siddhartha Khemka of Centrum Wealth Management won it in fundamentals category.

Among the dignitaries present at the occasion were Harsh Vardhan, science and technology minister, Suresh Prabhu, railway minister, Piyush Goyal, minister of state with independent charge for power, coal new and renewable energy, Adi Godrej, chairman Godrej group, Punit Goenka, MD and CEO of Zee Entertainment Enterprises Ltd, and Amit Goenka, CEO, Pan India Network.

In the special category, Ajit Gulabchand (for infrastructure) of HCC, Harsh Mariwala (wealth creator, FMCG) of Marico, Nirmal Jain (for contribution to equity markets) of India Infoline and Chanda Kochhar (best banker) of ICICI Bank won the awards.

Recognising the need for retail participation in investment, BJP president Amit Shah said his party was of the view that every single Indian should reap the benefit of India's growth.

Lauding Zee for the initiative, Shah said Zee has been a leader in addressing investors across the nation through the national language medium Hindi. He said India was on a growth trajectory and the government was aware of the relevance of retail participation hence it launched the Pradhan Mantri Jan Dhan Yojana as a national mission for financial inclusion. The scheme ensures access to financial services like banking, insurance and pension in an affordable manner. He urged the business community to keep their doors open to small investors as well.

Amish Devgan speaks to CM Devendra Fadnavis (L) and to Amit Shah (president BJP) on stage (R)

"The industry has gained confidence in us, and this can be seen in the manner where equity markets have headed in the past six months," he said.

Shah said the Bills for India's development have been tabled in the winter session of the parliament and that he was confident that the opposition will support and partner in India's growth story.

"By April 2016, we will implement Goods and Service Tax across the country and the government has plans in place to address the grievances raised by various states," he told media and industry leaders.

In a first-of-its-kind initiative in 2010, Zee Business instituted the India's Best Market Analyst Awards which has been dedicated to honouring India's financial market experts for empowering retail investors. The awards, that entered the fifth year, are a true recognition of excellence to those promoting research-based knowledge. E&Y was the official tabulator.

The awards were broadly categorised as technicals, fundamentals, derivatives, banking, sectoral and bullion. The awards have become an honour for participants from the commodity and equity research houses.

"It's an honour to be recognised on such a prestigious platform and I would like thank the Zee Group for the award, even as Zee Business completes 10 years of covering the business news in India," said Rashesh Shah, chairman and CEO of Edelweiss group. The group won the 'Bull of the Year' award.

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