Equity Research plays a very critical role that fills the information gap between the buyers and sellers of shares.Reason is that at all levels (individual or institutional) may not have the resources or the capabilities to analyze every stocks.Additionally, full information is not provided by the management due to which further in-efficiencies are created and stocks trade below or above the fair value.Equity Research analyst spend lot of time, energy and expertise to analyze stocks, follow news, talking to the management and provide an estimate of stock valuations.Also, equity research tries to identify the value stocks out of the massive ocean of stocks and help the buyers to generate profits.