Sanjay Mookim
Credit Suisse
First-place appearances: 1

Total appearances: 3

Analyst debut: 2011

Jumping one notch to No. 2 is Credit Suisse’s Sanjay Mookim, who relocated from Mumbai to Singapore in May 2012, when he added the role of head of Singapore research to his responsibilities at the firm. “Sanjay’s stock timing isn’t always perfect, but his analyses are dead-on,” one fund manager asserts. Mookim downgraded Dehradun-based Oil and Natural Gas Corp. from neutral to underperform in October 2012, at 264.64 rupees. The state-owned exploration and production company was suffering downward pressure on earnings from reduced domestic output, he noted. The stock sank to 241.26 rupees in November before reversing course, rising as high as 335.94 rupees in late January. By early August it had settled back to 266.88 rupees, for a gain of less than 1 percent since his downgrade that nonetheless bested the sector by 4.7 percentage points. That’s when Mookim upgraded ONGC to outperform, in part because he expected domestic production to pick up again. The shares remain among his favorites, on valuation, although by mid-October they had trailed the sector by 2.2 percentage points, closing at 275.20 rupees. Of the 12 companies under his purview, Mookim also recommends Mumbai-based petrochemicals manufacturer Reliance Industries, thanks to its new capital-expenditure program; and Mumbai’s Bharat Petroleum Corp., a crude-oil refiner, for its strong earnings and low debt. — Ben Mattlin