The local arm of Investec Plc, the London Stock Exchange and South African Stock Exchange listed specialist banking and asset management group, is all set to enter the stock broking business in India at a time when the Indian bourses are passing through a critical stage and witnessing high volatility.
Indicating that it has a long term view on the Indian stock markets, a top Investec India official said that the firm would start trading operations within weeks.
“We will go live in a week or two. We have already started publishing research reports and started covering around 55 companies. We are planning to scale it up to 100 companies in the next six months,” said Ajeeth Narayan, Country Head, Investec Capital Services (India).
“We hired the team six months back. We have been setting up the trading system and we will start trading in a week or two,” he added.
Six months back it entered into securities business by focusing primarily on the equity side.
“We have a team of around 26 persons. The research reports that we publish are fundamental driven. Our research analysts do deep dive reports which get into the core of the company and also analyse competitors, channels, buyers, suppliers, markets and then come out with recommendations.”
In India, Investec started of by doing aviation transactions over a decade ago. It used to do structured finance transactions for airlines where it would own aircraft and lease it to many airlines. Today many of these aircraft are flying here in India. Recently it had done 5-6 aviation deals, the most recent of which has been the sale and lease back of five Dreamliners with Air India.
