ACM group appoints Mr. Prashant S Vaishampayan as Head of Research, Institutional Equities

Asit C Mehta Investment Intermediates ltd (ACMIIL), subsidiary of Asit C. Mehta Financial Services Ltd (ACMFSL), (BSE-530723 | ASITCFIN), one of the leading fintech conglomerates in Indian equity markets, has appointed Mr. Prashant S Vaishampayan as Head of Research, Institutional Equities.

Chartered Accountant All India 13th rank, Prashant is registered with SEBI Research Analyst. In his new role at ACMIIL, he will spearhead developing and presenting investment ideas and the fundamentals research. He brings a rich experience of two decades that includes Associate Director at Kotak Securities Institutional Equities research and UBS Investment Bank India Institutional Equities research, Senior Investment Analyst at SG Securities India, and Investment Analyst with Jardine Fleming India.

He was a rated research analyst with magazines such as Institutional Investor and AsiaMoney. In addition, in his previous roles, he was rated by large investors such as Capital, Fidelity, Government of Singapore, HSBC, Franklin Templeton, and American Century.

Welcoming Prashant on board, Mrs. Deena Mehta, Managing Director, ACMIIL, said "We are confident his successful research experience of picking long term multibagger stocks with strong moats, investor-friendly policies and strong managements, by following a tried and tested value investment process, will add great value to our client's investment needs and wealth creation."

Commenting on his new role, Mr. Prashant S Vaishampayan said "I am extremely delighted to be part of ACMIIL institutional research and I look forward to extend my support and utilize my sector specific capabilities and interests in pharmaceutical, agrochemicals, specialty chemicals, auto and components, banks, consumer staples and IT services. I believe that discipline and focus are essential to succeed as an investor. We recommend companies across market capitalization (large/mid/small) in the selected sectors of the economy. These sectors are carefully chosen based on return on capital employed and free cash flow generation for shareholders."

The group under the leadership of Mr. Asit C Mehta and Mrs. Deena Mehta, for the last four decades, is one of the oldest financial services companies in India. They have business across PMS, Stock broking, Mutual fund distribution, distribution of all other third-party investment instruments, Investment banking among others. Over the past few years ACM group has been working on its preparation to position itself as a leading Fintech company, built on homegrown technology prowess. With the financial services industry expanding leaps and bounds, our positioning as a Fintech player will prove essential for business outreach and growth.

Shares of ASIT C.MEHTA FINANCIAL SERVICES LTD. was last trading in BSE at Rs. 119.00 as compared to the previous close of Rs. 120.95. The total number of shares traded during the day was 10 in over 2 trades.

The stock hit an intraday high of Rs. 119.00 and intraday low of 118.85. The net turnover during the day was Rs. 1189.00.

Source : Equity Bulls

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ASITCMEHTAFINANCIALSERVICES INE041B01014 AsitCMehtaInvestmentIntermediates Appointment