Best Books on Stock Market by Indian Authors:Books remain the biggest source of improvement in our investment knowledge. One of the best tools available for the beginner as you are now shown rules and strategies that have been proven over hundreds of years.
For novice investors, finding the right book can be like looking for a needle in a haystack, as there are millions of books on the subject. Finding books by Indian authors associated with our Indian stock exchange is also a daunting task.
In this article, we will introduce the best books by Indian authors on investing in the Indian stock market that will help you in your investment journey. Read on to find out.
Best Investment Books by Indian Authors
There are thousands of books on stock investing, but the reader should be careful enough to select only the best to ensure a rich learning experience. These are the best books on the stock market by Indian authors to give you a local perspective on investing.
1. Obogatite se uz Parag Parikh acciones
This book continues to be one of the best you can find from an Indian author, especially for someone looking to start their investment journey. What makes this book a must read is the additional credentials of the author.
Parag Parikh is the founder of PPFAS Mutual Fund and a renowned investor and broker. This book explains how the market works, investor sentiment, and how people decide to buy or sell stocks.
The clear and simple language that Parikh uses to explain various concepts is the icing on the cake of this book. This book covers not only the basics of companies, but also the behavioral biases that investors may be exposed to when investing.
This book is a must read not only for investors, but also for analysts and brokers!
2. Jitendra Gala India Stock Market Guide
Jitendra Gala's Guide to the Indian Stock Market remains one of the best books for novice investors. Even better, it guides readers on where and how to start investing in the stock market.
For more than two decades, the Jitendra Gala has been dedicated to trading and investment education. Also, he has 9 best selling books in the Indian stock market.
Gala also explains the importance of saving and investing, the do's and don'ts of investing, terminology, and various investment principles. This book is perfect for people who want to start working in the Indian stock market.
3. Prasenjit Paul How to Avoid Losses and Win Consistently in the Stock Market
In this book, Prasenjit Paul provides successful strategies that have enabled him to be consistently profitable in the Indian stock market. That is why this book ranks so high on this list.
Paul brings his personal insight into the Indian stock market along with his personal strategy, which makes this book refreshing. Prasenjit Paul is the founder of Paul Asset Consultant Pvt., an equity consulting firm. And he is a SEBI Registered Equity Research Analyst.
In this book, Paul explains the importance of choosing the right stocks and sticking with them at the right time. What makes this book even better is the inclusion of 2 minute strategies for picking/rejecting stocks in 2 minutes.
4. Fundamental analysis for investors Raghu Palata
When it comes to long-term investing, fundamental analysis is the way to go. This book helps investors master fundamental analysis and helps them make long-term profits.
Raghu Palat was a banker in Europe, America, Asia and Africa. Over the years, he has written more than 20 books.
The book explains how to analyze the company, the management, the important indicators, helps to understand the annual reports and explains how to calculate the intrinsic value.
5. Dhandho Investor: Mohnish Pabrai's high-return, low-risk approach
In the book, Mohnish Pabrai explains "Dhandho" by giving the example of Lakshmi Mittal. Mittal has a well-known strategy in the steel industry, buying up bankrupt steel plants around the world.
This allows you to buy plants cheaply and start earning money. Pabrai recommends selecting stocks in a similar way.
According to him, Dhandho is an investor who buys stocks with low risk and high returns. He explains how buying a stock whose price has fallen to 50% of its intrinsic value due to negative news can pay off in the long run.
You would then sell the shares for 90-100% of their intrinsic value. Mohnish Pabrai is an American fund manager who manages the Pabrai Investment Fund, which has an annual return of almost 30%. This makes the book even more attractive.
Saurabh Mukherjea, Rakshit Ranjan and Pranab Uniyal
"Investing in Coffee Cans: A Low Risk Path to Great Wealth" by Saurabh Mukherjee, Rakshit Ranjan and Pranab Uniyal is a must read.
Here they explain how to follow an easy-to-use strategy called coffee can investing. Up to 20% annual return can be achieved with minimal risk and a shorter investment time.
Saurabh Mukherjea heads Ambit Capital Pvt. Limited. and he also uses this strategy for his professional investments.
7. Bulls, Bears and Other Beasts by Santosh Nair
Bulls, Bears, and Other Beasts is one of the most exciting books on this list. The author of this book, Santosh Nair, has been writing about financial markets for more than 25 years.
Nair has worked as a publisher and held positions at various financial institutions, including The Economic Times.
It presents the history of the Indian stock market after its liberalization in 1991. The book covers all the events that occurred during that period, including money laundering, fraud, boom and bust.
The book also helps us understand the financial health of the Indian economy and the impact of these events on investors. This is a must read book for a better understanding of the Indian stock market.
Reading books by Indian authors can give us an insight into successful investment styles and strategies best suited to the Indian environment.
What makes this list even better is that some of these books are also available to investors in local languages.
Let us know what you think of our list of the best books on the stock market by Indian authors. Also, let us know your top picks in the comments below. Happy reading!
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Aron, with a BA in Commerce from Mangalore University, turned to equity research to explore his interest in financial markets. Outside of work, you can see him eagerly attending shows, supporting RCB, and dreaming of visiting Kasol soon. He also believes that eating ice cream for children is the best way to teach them to pay taxes.
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