List of best Stock Market Books by Indian Authors: If you become just 1% better every day, then by the end of the year, you will have transformed that 1% daily growth into a mindset. That 1% can result in a 37X improvement by the end of the year.
Now imagine if you applied the same habit to read a book every day. Before the year is over, you will have read over two dozen books. And that’s not just casual reading. We mean actual knowledge and value brought to your thought process.
By the end of one year, the amount of knowledge you will carry can and will transform you into a different person altogether. And that’s just through reading books. Now Imagine if you applied what you learned and practiced it in real life.
List of Stock Market Books by Indian Authors
This blog will take you through some of the critically acclaimed stock markets and investing books written by Indian Authors.
1. Stocks To Riches – Parag Parikh
Parag Parikh was a veteran investor and the head of PPFAS Ltd, an investment advisory firm. If you’re looking to begin investing and have a small understanding of the world of stock markets, bonds and investments then look no further.
The author himself began his career in the markets as a broker for the BSE back in the early 80s. So in some portions of the book, he cites real-life experiences that you can learn from as well. There’s something to learn in this book for everyone, irrespective of whether you’re a beginner or a seasoned investor.
He writes about the benefits of long-term investing and how you can use certain strategies to your advantage and reap wealth from these strategies, which places this book first on our list of Must Read Stock Market Books by Indian Authors.
2. Guide To Indian Stock Market – Jitendra Gala
If you’re afraid of entering the markets because you’ll lose all your money, then you’re not wrong. Because that is quite possible, similar to walking into a gunfight with a knife. But this is mostly due to a lack of knowledge of how the stock markets work. The lesser you know, the higher the risk your actions carry. And this is especially true when investing in companies. If you don’t know where you’re putting your money, then chances are you’re asking for losses.
Guide To Indian Stock Market is one of the best Stock Market Books by Indian Authors and is a perfect book for beginners with the fears listed above. Besides giving sound financial knowledge, the book also arms you with the confidence you need to get started, and in the right direction.
3. Bulls, Bears and Other Beasts – Santhosh Nair
Are you interested in taking a walk through the history of the stock market in India and the origin story of how the market grew to its present-day growth?
Bulls, Bears, and Other Beasts take you through the history of scams, crashes, and past performances over a period of 25 years. The role of technology, liberalization, and tax evasion also play an important role in shaping the stock market we see in India today.
Besides this, other important notes including government policies and tips for the small investor add up to a valuable chest of knowledge in the form of a book.
4. Fundamental Analysis for Investors – Raghu Palat
The title of this book is a self-descriptive of the book altogether.
Multiple successful investors have stated that in the long term, fundamental analysis is the way to go about your wealth.
When you begin to do a little in-depth research on financial analysis, you might come across the term “fundamental analysis”.
This is a skill that you need to have to study company stocks, income statements, and future prospects of a stock. This book teaches you to value investing, cash flows and ratios, and studying annual reports, and the intrinsic value of a share.
The intrinsic value of shares can tell you if a stock is undervalued or overvalued and is an imperative skill to have when you’re picking stocks.
5. The Dhandho Investor – The Low-Risk Value Method to High Returns – Mohnish Pabrai
The Dhandho Investor, written by Mohnish Pabrai is a book on investing in an existing business or “Dhandha”, which is the Gujarati translation for “business”.
The author uses real-life examples of veteran business personalities such as Richard Branson and Lakshmi Mittal.
He explains how Mittal bought loss-making steel companies at a heavy discount and turned them over into profitable ventures.
In the book, the author explains how instead of investing in a new business and taking on more risk, it is ideal to invest in an existing business.
Some of the lessons from this book are
- Invest in a business with a slow rate of change, similar to how Warren Buffett invested in Coca-Cola.
- Invest in distressed businesses in fallen industries.
- Invest in low risk and high certainty of the business.
6. Coffee Can Investing – Saurabh Mukherjea, Rakshit Ranjan and Pranab Uniyal
In Coffee Can Investing, the authors explain the “buy and forget” approach to investing. The story behind the title comes from the time when shareholders were given physical certificates as proof of the authenticity of their holdings. These certificates were kept in old coffee cans or hidden in mattresses and forgotten over time. When the children of these shareholders opened the coffee cans after decades, they would discover that the shares held an immense value in today’s terms.
If you would have invested in some fundamentally strong stocks back in the nineties, those stocks would have been worth crores today, depending on the number of shares you held.
7. Investing In India – Rahul Saraogi
Written by Rahul Saraogi, managing director of Atyant Capital Advisors, Investing in India tells readers how they can take advantage of the price gap between underpricing and overpricing of stocks. Currently, there are over 7,400 listed companies on the BSE and NSE but income statements are available for a marginally low number of companies. The remaining stocks fluctuate between overpriced and underpriced values on the stock market on a regular basis.
His book goes on to explain how this is an untapped opportunity to pick the right stocks and gain multi-bagger returns. Ever seen stock and wished you bought it before it tripled or quadrupled in the price? With proper financial knowledge, you could be one of the few who spotted and invested in a multi-bagger stock.
In the book, he explains a 5 step process in picking and evaluating stocks in India, and each stock should pass one filter before moving on to the next, which makes it one of the Best Stock Market Books by Indian Authors.
Aside from the books mentioned above, there are still more thought-provoking books on investing and stock markets that you can read like –
- How to Avoid Losses and Make Consistently in The Stock Market by Prasanjit Paul
- The Unusual Billionaires by Saurabh Mukherjea
- Investonomy: The Stock Market Guide That Makes You Rich by Pranjal Kamra
That’s all for this blog on Stock Market Books by Indian Authors. Hope you enjoy reading the books mentioned in this list. Happy Investing!
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