Pavan Nayak 7 Best Stock Market Books by Indian Authors
India has a rich history in the stock market, dating back to the early 1800s.
Over the years, many Indian authors have written books about stock investing that provide invaluable insights and expertise for both novices and seasoned investors.
In this context, our article on ‘best stock market books by Indian authors‘ will highlight some of the best books written about stock market investing by Indian authors.
List of 7 Best Stock Market Books by Indian Authors
Here is the list of best stock market books by Indian authors:
- Stocks to Riches by Parag Parikh
- Bulls, Bears and Other Beasts by Santosh Nair
- Coffee Can Investing by Saurabh Mukherjee
- How to Make Money in Intraday Trading by Ashwani Gujral
- The Dhandho Investor by Mohnish Pabrai
- How to Avoid Loss and Earn Consistently in the Stock Market by Prasenjit Paul
- Fundamental Analysis for Investors by Raghu Palat
1. Stocks to Riches by Parag Parikh
“Stocks to Riches” is an accessible guide for investing in the stock market by renowned investor and fund manager Parag Parikh.
In this book, Parikh lays out his investment philosophy and practical advice on maximizing returns while mitigating risks.
Written with straightforward language, “Stocks to Riches” appeals to novice and experienced investors alike.
| Author | Parag Parikh |
|---|---|
| Publisher | Tata McGraw-Hill Education |
| Published Date | 2005 |
| Category | Investing |
| Book Length | 240 pages |
| ISBN | 9780070580992 |
| Language | English |
| Target Audience | Novice and experienced investors |
| Key Topics | Long-term investment horizon, diversification, research, business and industry understanding, psychology in investing |
| Notable Features | Case studies, practical advice, and real-life examples |
| Writing Style | Simple and easy-to-understand |
| Author’s Background | Parag Parikh was an Indian investor and fund manager who founded Parag Parikh Financial Advisory Services. He had over 25 years of experience in the Indian stock market. |
Key Takeaways:
- Establish an investment horizon with a long-term perspective
- Diversify and balance your assets
- Conduct thorough research before investing
- Understanding the business and industry in which you invest
- Recognizing the role of emotions and psychology when investing
2. Bulls, Bears and Other Beasts by Santosh Nair
This book takes readers on an enjoyable and insightful journey through the Indian stock market’s history from its inception to today.
Using real-life stories and anecdotes to explain key stock market concepts makes it accessible to both novice and experienced investors alike.
This book will give readers a better insight into who plays on the Indian stock market, its various players, and what causes its movements.
| Book Title | Bulls, Bears and Other Beasts: A Story of the Indian Stock Market |
|---|---|
| Author | Santosh Nair |
| Publisher | Portfolio (Penguin Random House) |
| Published Date | June 27, 2016 |
| Category | Investing |
| Book Length | 336 pages |
| ISBN-13 | 978-0670089205 |
| Language | English |
| Target Audience | Novice and experienced investors |
| Key Topics | History of the Indian stock market, market players, factors that influence the stock market, lessons from successful and not-so-successful investors |
| Notable Features | Real-life stories and anecdotes to explain key concepts |
| Writing Style | Engaging and accessible |
| Author’s Background | Santosh Nair is an investment banker and financial journalist with over 20 years of experience in the Indian financial markets. |
Key Takeaways:
- The Indian stock market has a fascinating history intricately tied to the country’s economic and political progress.
- The stock market is affected by various factors, such as global economic trends, government policies and corporate earnings.
- The author provides an objective assessment of the stock market, outlining its advantages and drawbacks and potential hazards to investors.
- Investors can learn from the experiences of both successful and not-so-successful market players and use these lessons to make informed investment decisions.
- The book emphasizes the significance of taking a long-term view when investing in the stock market and avoiding short-term speculation.
3. Coffee Can Investing by Saurabh Mukherjee
Saurabh Mukherjea’s book “Coffee Can Investing” is a must-read for investors seeking an effective long-term investment plan.
The title is taken from an old Indian coffee house practice of depositing a day’s earnings into a can and only touching it after years had passed.
Mukherjea demonstrates how investing in companies with strong fundamentals and holding them for an extended period can yield substantial returns.
| Author | Saurabh Mukherjea |
|---|---|
| Publisher | Penguin Random House India |
| Published Date | 2018 |
| Category | Investing |
| Book Length | 288 pages |
| ISBN | 9780670091232 |
| Language | English |
| Target Audience | Investors looking for a long-term investment strategy |
| Key Topics | Identifying companies with strong fundamentals, focusing on the long-term investment horizon, avoiding market timing and short-term trading strategies |
| Notable Features | Based on a unique coffee can investing approach, includes practical examples and case studies |
| Writing Style | Easy to read and informative |
| Author’s Background | Saurabh Mukherjea is the Founder and Chief Investment Officer of Marcellus Investment Managers, a SEBI-registered investment advisor. He has over two decades of experience in the Indian equity markets and is a well-known name in the Indian financial community. |
Key Takeaways:
- Recognizing companies with strong fundamentals and competitive advantages
- Focusing on the long-term investment horizon
- Holding onto quality stocks for an extended period
- Avoiding market timing or short-term trading strategies
- Spotting noise and distractions in the market.
4. How to Make Money in Intraday Trading by Ashwani Gujral
Ashwani Gujral’s “How to Make Money in Intraday Trading” is an indispensable guide for intraday traders.
He offers practical tips and techniques on trading the Indian stock market, such as strategies for selecting stocks, managing risks, and maximizing profits.
| Author | Ashwani Gujral |
|---|---|
| Publisher | Vision Books |
| Published Date | 2013 |
| Category | Trading |
| Book Length | 352 pages |
| ISBN | 9788170948769 |
| Language | English |
| Target Audience | Intraday traders |
| Key Topics | Technical analysis, trading strategies, risk management |
| Notable Features | Includes practical tips and strategies |
| Writing Style | Clear and concise |
| Author’s Background | Ashwani Gujral is an Indian trader, technical analyst, and author. He is the Chief Market Strategist of ashwanigujral.com and has over 20 years of experience in the Indian stock market. |
Key Takeaways:
- An understanding of technical analysis and chart patterns
- Constructing a trading plan and sticking to it
- Utilizing stop-loss orders as risk management; controlling emotions; avoiding common errors; and focusing on the larger trend while using intraday trading to increase returns.
5. The Dhandho Investor by Mohnish Pabrai
Mohnish Pabrai’s book “The Dhandho Investor” explores value investing principles that Benjamin Graham and Warren Buffett popularized.
He demonstrates how investors can apply these concepts to stock market investing and identify key investment opportunities in India.
| Author | Mohnish Pabrai |
|---|---|
| Publisher | John Wiley & Sons |
| Published Date | 2007 |
| Category | Investing |
| Book Length | 208 pages |
| ISBN | 9788126524059 |
| Language | English |
| Target Audience | Investors interested in value investing |
| Key Topics | Value investing principles, competitive advantage, long-term horizon |
| Notable Features | Includes real-world examples of successful investments |
| Writing Style | Informative and engaging |
| Author’s Background | Mohnish Pabrai is an Indian-American investor, author, and philanthropist. He is the Managing Partner of Pabrai Investment Funds, an investment management firm based in California. |
Key Takeaways:
- Understanding the principles of value investing
- Recognizing companies with a competitive edge
- Investing in companies that have demonstrated success
- Avoiding speculation and market timing
- Focusing on the long-term outlook.
6. How to Avoid Loss and Earn Consistently in the Stock Market by Prasenjit Paul
Investing in the stock market can be daunting, particularly for novice investors prone to making errors.
That is where “How to Avoid Loss and Earn Consistently in the Stock Market” comes into play – Prasenjit Paul, an accomplished trader and investor shares his wisdom and experiences to help investors avoid common missteps and develop disciplined approaches when investing.
| Author | Prasenjit Paul |
|---|---|
| Publisher | Vision Books |
| Published Date | November 20, 2015 |
| Category | Investing |
| Book Length | 344 pages |
| ISBN | 978-8170949610 |
| Language | English |
| Target Audience | Beginner to Intermediate |
| Key Topics | Investment Philosophy, Risk Management, Fundamental and Technical Analysis |
| Notable Features | Real-world examples, Case studies, Interactive exercises |
| Writing Style | Simple and straightforward |
| Author’s Background | Prasenjit Paul is an investor, trader, and author with over 20 years of experience in the stock market. He is the founder and CEO of Paul Asset Consultants, a SEBI-registered investment advisory firm. |
Key Takeaways:
- Establishing an investment philosophy and sticking to it is essential.
- Recognizing and managing risk in the stock market is also key.
- Finally, understand your emotions when investing and how to keep them under wraps.
- Understanding the advantages of having a long-term investment horizon and compounding interest.
- Conducting fundamental and technical analysis to identify promising investment opportunities.
7. Fundamental Analysis for Investors by Raghu Palat
“Fundamental Analysis for Investors” is an essential guide for those wanting to master the art of fundamental analysis.
In this book, Raghu Palat thoroughly explains key concepts and techniques in fundamental analysis with a special focus on Indian stocks.
| Author | Raghu Palat |
|---|---|
| Publisher | Vision Books |
| Published Date | October 28, 2019 |
| Category | Fundamental Analysis |
| Book Length | 352 pages |
| ISBN | 978-8170949672 |
| Language | English |
| Target Audience | Beginner to Intermediate |
| Key Topics | Financial Statement Analysis, Management Evaluation, Industry Analysis, Macroeconomic Analysis |
| Notable Features | Real-world examples, Case studies |
| Writing Style | Simple and easy to understand |
| Author’s Background | Raghu Palat is a seasoned finance professional with over 30 years of experience in the corporate and investment banking sector. He is also the co-author of “A Beginner’s Guide to Investing: How to Grow Your Money the Smart and Easy Way.” |
Key Takeaways:
- Analyzing a company’s financial statements, such as balance sheets, income, and cash flow statements.
- Evaluating its management team and track record.
- Assessing an industry and competitive landscape are also essential.
- Macroeconomic factors play a significant role in investing and how to evaluate them.
- Value investing requires patience and an eye toward the long term.
Frequently Asked Questions (FAQs) about Best Stock Market Books by Indian Authors
Wrap up on Best Stock Market Books by Indian Authors
The best stock market books by Indian authors provide readers with insightful perspectives on investing in the domestic stock market.
These books offer practical advice and strategies for navigating the often complex investing environment within India’s rapidly developing economy.
Here are the books we have discussed today: