Success Stories
Increased Stock Coverage by 200% for a Top Rated Independent Investment Research provider
Business Need
The client is empanelled with several leading Investment Banks to provide third party equity research reports as part of the July 2004 SEC settlement.
HCL Solution
HCL's relationship with the client started in 2004. HCL provided the client with various research products and support from our highly-skilled analysts who track around 500 stocks – ranging from small to large cap. HCL provides Equity Research services covering 20 sectors and around 100 Industry sub groups.
HCL uses a multi-tier quality process before delivery of report to clients. Each report is compulsorily read and reviewed by "3 pairs of eyes" before release. HCL analysts are governed by strict ethical guidelines and trained to not assume numbers in case of any ambiguity.
- Clients' paid coverage increased from approximately 400 to 800 stocks as a result of better market acceptance of reports enhanced by the HCL team
- Number of Investment Banks catered to by the client increased from 4 to 6 in less than six months of HCL starting operations
- Client is in the process of promoting allied research such as customized reports, industry analysis (as a stand-alone product), and other products due to the increased confidence in HCL's delivery capability
