aurav Patil, Mahir Mehta, Mohammed Saqlein, Pruthvirajsinh Gadhavi and Sparsh Jain, a team of IFMR GSB MBA students, have been shortlisted among the top five teams in Zone 3 (South Zonal) of the CFA Institute Equity Research Challenge 2026–27, qualifying for the Zonal Final Round.
As part of the competition, the team prepared a comprehensive equity research report on APL Apollo Tubes Limited, analysing its business model, industry outlook, financial performance, competitive positioning and valuation. Competing against 26 teams, they earned a place in the shortlist, representing IFMR GSB alongside institutions including IIM Kozhikode, IIM Nagpur, Goa Institute of Management and ISB Hyderabad. The team is now preparing for the Zonal Final presentation, where they will present and defend their investment thesis before the jury.
