Saion Mukherjee
Nomura
First-place appearances: 1

Total appearances: 3

Analyst debut: 2011

Nomura’s Saion Mukherjee drops back to third place after a year in first. In March 2012, Mukherjee added Apollo Hospitals Enterprise to his sector portfolio with a buy rating, at 571.12 rupees. The Chennai-based company operates a private hospital group whose facilities provide primary through tertiary care services, and the analyst believed its strong branding positioned it well to benefit from the underpenetration of health care services in India. By May 2013 the shares had catapulted 70 percent, beating the sector by 31.4 percentage points and prompting Mukherjee to downgrade them to neutral, primarily on valuation. The stock subsequently dropped 8.4 percent, to close at 889.60 rupees in mid-October; over the same period the sector gained 10.2 percent. “He knows the industry very well,” asserts one investor. “Perhaps he should be called Dr. Saion Mukherjee.” — Katie Gilbert