Best Stock Market Books by Indian Authors

Best Stock Market Books by Indian Authors: Books still remain the best source to improve our investment knowledge. A beginner is provided with one of the best tools as he now gets rules and strategies that have been tried and tested for hundreds of years.

For novice investors, the right books can be similar to finding a needle in a haystack, as there are millions of books on the subject. It can also be an even more challenging task to find books relevant to our Indian stock market written by Indian authors.

In this article, we look at the best books on Investing in the Indian Stock Market by Indian authors to help you in your investment journey. Keep reading to find out.

Best books on investing by Indian authors

Thousands of books on stock market investing exist, but readers should be careful enough to select only the best to ensure a rich learning experience. Here are the best stock market books by Indian authors that give you a local perspective on investing.

1. Candlesticks and Charts Trading Mastery By Kritesh Abhishek

Kritesh Abhishek’s “Candlesticks and Charts Trading Mastery” provides traders with a comprehensive road map to navigate the complexities of the trading landscape. Through 236 colorful pages, Kritesh delves into single to multi-candlestick patterns, chart formations and important technical analysis principles.

With a careful breakdown of over 70 candlestick patterns and insightful discussions of channel-based trading and chart patterns, the book empowers traders to make informed decisions in volatile markets. Supplementary chapters on support and resistance, trend lines, trading psychology and technical indicators further enhance readers’ expertise. This valuable resource caters to traders of all levels, offering practical insights to excel in the challenging world of trading.

You can buy the book “Candlesticks and Charts Trading Mastery” by Kritesh Abhishek on Amazon here.

2. Stocks to Wealth by Parag Parikh

This book remains one of the best books available by an Indian author, especially for someone who wants to start his investment journey. What makes the book a must-read are the additional credentials of the author.

Parag Parikh is the founder of the PPFAS mutual fund and a well-known investor and broker. The book explains how the market works, the sentiments of the investors, and how one decides to buy or sell a share.

The clear and simple language that Parikh uses to explain the various concepts is the cherry on top of this piece. The book covers not only the fundamentals of companies, but also the behavioral biases that investors may suffer from while investing.

This book remains a must-read not only for investors, but also for analysts and brokers!

3. Guide to Indian Stock Market by Jitendra Gala

Guide to Indian Stock Market by Jitendra Gala remains one of the best books for newbie investors. What makes it even better is that it guides its readers on where and how to start investing in the stock market.

Jitendra Gala has been working on trading and investment education for over 2 decades. In addition, he also had 9 best selling books on the Indian stock market.

Gala also explains the importance of saving and investing, the dos and don’ts of investing, terminologies and various investment principles. This book is ideal for individuals who want to start in the Indian stock market.

4. How to avoid loss and earn consistently in the stock market by Prasenjit Paul

In this book, Prasenjit Paul lays out the successful strategies that have allowed him to earn consistently in the Indian stock market. This is why the book makes it so high on this list.

Paul gives his personal views on the Indian stock market and his personal strategies which makes it a refreshing read. Prasenjit Paul is the founder director of equity advisory group Paul Asset Consultant Pvt. and is a SEBI registered equity research analyst.

In this book, Paul explains the importance of timing while choosing the right stock and holding it for the right period. What makes the book even better is the 2 minute strategy included to shortlist/reject stocks in 2 minutes.

5. The book Fundamental Analysis for investors by Raghu Palat

When it comes to long-term investing, fundamental analysis is the way to go. This book helps investors master fundamental analysis that helps them profit in the long run.

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 one should go about analyzing companies, the management, the important relationships, helps to understand annual reports and explains how to calculate intrinsic value.

6. The Dhandho Investor: The Low-Risk Value Approach to High Returns by Mohnish Pabrai

In the book, Mohnish Pabrai explains ‘Dhandho’ by giving the examples of Lakshmi Mittal. Mittal has a known strategy in the steel industry where he buys distressed steel plants around the world.

By doing this, he can buy the plants at a cheap valuation which he then made profitable. Pabrai suggests picking stocks in a similar way.

A Dhandho according to him is an investor who buys stocks with low risk and receives high returns. He explains how buying shares whose prices have fallen to 50% of their intrinsic value due to negative news can be fruitful in the long term.

He would then sell the shares at 90-100% of their intrinsic value. Mohnish Pabrai is a US based fund manager and manages the Pabrai Investment Fund which has delivered an annual return of nearly 30%. This makes the book even more attractive to read.

7. Coffee Can Investment by Saurabh Mukherjea, Rakshit Ranjan and Pranab Uniyal

‘Coffee Can Investing: The Low Risk Path to Immense Wealth’ by Saurabh Mukherjea, Rakshit Ranjan and Pranab Uniyal is a must read.

Here they explain how following a simple usage strategy called coffee can invest. One can make annual returns of up to 20% with minimum risk and less time invested.

Saurabh Mukherjea runs Ambit Capital Pvt. Ltd. and also used this strategy for his professional investments.

Bonus: Bulls, Bears, and Other Beasts by Santosh Nair

Bulls, Bears, and Other Beasts is one of the most exciting books on this list. The book is written by Santosh Nair who has been writing on the financial markets for over 25 years.

Nair has worked as an editor and has been part of various financial organizations including The Economic Times.

In the book he covers the history of the Indian stock market after the liberalization of 1991. The book covers all the events that happened during this period including incidents of money laundering, scams, booms and busts.

The book also helps us understand the financial health of the Indian economy and the impact of these incidents on investors. This is a must read book to get better insights into the Indian stock market.

In conclusion

By reading books by Indian authors, we can understand the successful investment styles and strategies that work best in the Indian environment. What makes this list even better is that some of these books are also made available to investors in their regional languages.

Let us know what you think about our list of best stock market books by Indian authors. Also, let us know your top picks in the comments below. Enjoy reading!

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Bachelor of Commerce from Mangalore University, Aron entered the world of equity research to explore his interests in financial markets. Outside of work, you can catch him at a show, he supports RCB, and dreams of visiting Kasol soon. He also believes that eating children’s ice cream is the best way to teach them taxes.