Jyoti Jaipuria & team
Bank of America Merrill Lynch
The 20 Mumbai-based analysts at Bank of America Merrill Lynch headed by Jyoti Jaipuria repeat in third place. “They are a strong group doing timely, on-the-ground channel checks,” asserts one fund manager in Singapore. Monitoring 150 stocks, the researchers maintain a cautious view for the year ahead, after last year’s robust market performance, yet remain bullish about the information technology sector owing to rising economic confidence. They upgraded Infosys from neutral to buy in September, at 2,544.66 rupees, on its growing pipeline of customer contracts. Shares of the Bangalore-based IT services and software provider had tumbled 12.2 percent, to Rs2,235.45, by the end of April, but the team stands behind the call, in part because of recent market share gains. “Jyoti is a levelheaded and independent thinker with decent stock positioning in a volatile market, “ proclaims one investor.— Ben Mattlin