Manan Agarwal

Equity Research Analyst with proven expertise in BFSI sector coverage, financial modeling (DCF, relative valuation), and institutional-grade research. Delivers high-conviction investment recommendations by synthesizing macroeconomic trends, regulatory shifts, and company fundamentals.

Equity Research Analyst - ICICI Securities - Mumbai

(2024-07 - 2025-09)

• Built robust DCF and relative valuation models for banks, NBFCs, and insurers, driving high-conviction buy/sell recommendations for institutional clients
• Authored detailed equity research reports and thematic sector notes, translating macro and credit cycle data into actionable investment insights
• Partnered with Sales and Trading teams to deliver timely market outlooks, strengthening client advisory capabilities and supporting revenue growth

Summer Intern - D.A. Coal Agency - Varanasi

• Streamlined supply chain and logistics operations, supported financial forecasting and trade financing analysis to improve cost management and on-time delivery

PGDM - International Business & Finance - FORE School of Management (2024 - 2024)

B.Com. - Commerce - MLNC College, University of Delhi (2020 - 2020)

12th - Commerce - Delhi Public School (2017 - 2017)

10th - Delhi Public School (2015 - 2015)