Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>India is set for its biggest GST overhaul since 2017, with a shift to a dual-slab GST system (5% and 18%) to simplify tax structures, reduce consumer prices, boost consumption</li>
<li>The proposed rate cuts are likely to drive increased consumption, benefiting sectors like automobiles, cement, and consumer durables, and provide a multi-engine growth boost for the economy.</li>
<li>With the GST reform potentially lowering inflation, raising private sector investments, and stimulating discretionary spending, we see a positive impact on GDP growth by around 1.6-2% in the medium term.</li>
</ul>


India is set for its biggest GST overhaul since 2017, with a shift to a dual-slab GST system (5% and 18%) to simplify tax structures, reduce consumer prices, boost consumption
The proposed rate cuts are likely to drive increased consumption, benefiting sectors like automobiles, cement, and consumer durables, and provide a multi-engine growth boost for the economy.
With the GST reform potentially lowering inflation, raising private sector investments, and stimulating discretionary spending, we see a positive impact on GDP growth by around 1.6-2% in the medium term.


Thematic Report: Can Proposed GST Rate Cuts Revive Consumption Growth in India?

<ul>
<li>Rural demand in India surged ahead in Q2 2025, outpacing urban growth and solidifying villages as the cornerstone of the nation’s economic momentum.</li>
<li>Strong rural consumption is propelling sectors like FMCG and farm equipment, offering clear cues on market direction, corporate earnings, and sectoral leadership.</li>
<li>Multiple Q1 FY26 concalls flagged rural outperformance or sequential improvement; FMCG/tractors are the clearest prints.</li>
</ul>


Rural demand in India surged ahead in Q2 2025, outpacing urban growth and solidifying villages as the cornerstone of the nation’s economic momentum.
Strong rural consumption is propelling sectors like FMCG and farm equipment, offering clear cues on market direction, corporate earnings, and sectoral leadership.
Multiple Q1 FY26 concalls flagged rural outperformance or sequential improvement; FMCG/tractors are the clearest prints.


Thematic Report: Beyond the Fields- How Rural Demand Is Reshaping India’s Consumer Story?

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Cumulatively for April–July FY26, 2W domestic sales declined 3% YoY to 59.8 Lc units as Hero (-6%) and Bajaj (-11%) dragged overall volumes, despite strong performances from TVS (+13%) and RE (+15%).</li><li>On the other hand, 2W exports surged 25% YoY to 14.5 Lc units, reflecting improved traction in global markets, especially Africa and Latin America.</li><li>On a YTD basis, 3W domestic wholesales rose 12% YoY to 2.42 Lc units, led by M&amp;M (+41%), TVS (+38%), and a marginal dip at Bajaj. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Cumulatively for April–July FY26, 2W domestic sales declined 3% YoY to 59.8 Lc units as Hero (-6%) and Bajaj (-11%) dragged overall volumes, despite strong performances from TVS (+13%) and RE (+15%).On the other hand, 2W exports surged 25% YoY to 14.5 Lc units, reflecting improved traction in global markets, especially Africa and Latin America.On a YTD basis, 3W domestic wholesales rose 12% YoY to 2.42 Lc units, led by M&amp;M (+41%), TVS (+38%), and a marginal dip at Bajaj. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>With CPI inflation at 2.1%YoY in Jun'25, the real policy rate is +3.4% -- higher than in Jan'25 (+2.19%) before the 100bp of repo rate cuts. </li>
<li>Despite a shift to a larger rate cut (accompanied by reductions in CRR), the RBI is still a bit behind the curve. We expect another 100bp of cuts by Feb'26. </li>
<li>Vegetable deflation will persist through H2CY25, so we expect headline CPI inflation to average 2.9% in FY26, obliging more rate cuts, enabling real GDP growth of 8.5%+ in FY26. </li>
</ul>


With CPI inflation at 2.1%YoY in Jun'25, the real policy rate is +3.4% -- higher than in Jan'25 (+2.19%) before the 100bp of repo rate cuts. 
Despite a shift to a larger rate cut (accompanied by reductions in CRR), the RBI is still a bit behind the curve. We expect another 100bp of cuts by Feb'26. 
Vegetable deflation will persist through H2CY25, so we expect headline CPI inflation to average 2.9% in FY26, obliging more rate cuts, enabling real GDP growth of 8.5%+ in FY26. 


India: More Rate Cuts Likely as Inflation Edges to the Bottom of RBI's Target Range

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>India’s ambitious growth trajectory aims for 8-10% of global GDP by 2040, driven by strategic investments in 18 high-growth sectors, blending national priorities and global opportunities. </li>
<li>
Key sectors identified span technology, manufacturing, and sustainability, with a projected $1.7-2 trillion in revenue by 2030, shaping India’s global economic leadership. </li>
<li>Collaborative action and policy support are essential for unlocking sectoral potential, positioning India to capitalize on its capabilities and become a key player in the global economy.</li>
</ul>


India’s ambitious growth trajectory aims for 8-10% of global GDP by 2040, driven by strategic investments in 18 high-growth sectors, blending national priorities and global opportunities. 

Key sectors identified span technology, manufacturing, and sustainability, with a projected $1.7-2 trillion in revenue by 2030, shaping India’s global economic leadership. 
Collaborative action and policy support are essential for unlocking sectoral potential, positioning India to capitalize on its capabilities and become a key player in the global economy.


Thematic Report on Sectors of the Future: India’s Path to Global Economic Leadership

India

Mahindra & Mahindra is a prominent Indian multinational manufacturing corporation. It is a leading global manufacturer of tractors and a major producer of SUVs, commercial vehicles, and two-wheelers. Headquartered in Mumbai, India, the company was founded on October 2, 1945.

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Mahindra & Mahindra (MM IN)

Thematic Report: Can Proposed GST Rate Cuts Revive Consumption Growth in India?

India is revamping its GST system with dual-slab rates to simplify taxes, reduce prices, and boost consumption, potentially driving GDP growth by...

Nimish Maheshwari

Thematic Report: Beyond the Fields- How Rural Demand Is Reshaping India’s Consumer Story?

Rural demand in India outpaces urban growth in Q2 2025, driving economic momentum and propelling sectors like FMCG and farm equipment.

Nimish Maheshwari

Auto Monthly Sales Volume - July 2025

The industry outlook remains cautiously optimistic, with festive stocking and monsoon progression as key variables for demand in H2FY26.

Axis Direct

India: More Rate Cuts Likely as Inflation Edges to the Bottom of RBI's Target Range

Despite faster easing, RBI is still behind the curve with real policy rate at +3.4%. Vegetable deflation to persist Jul-Dec'25, prompting 100bp...

Prasenjit K. Basu

Thematic Report on Sectors of the Future: India’s Path to Global Economic Leadership

India aims for 8-10% of global GDP by 2040 through strategic investments in key sectors, projecting $1.7-2 trillion in revenue by 2030 and...

Sudarshan Bhandari

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Thematic Report: Can Proposed GST Rate Cuts Revive Consumption Growth in India?

​India is revamping its GST system with dual-slab rates to simplify taxes, reduce prices, and boost consumption, potentially driving GDP growth by...

Nimish Maheshwari

Thematic Report: Beyond the Fields- How Rural Demand Is Reshaping India’s Consumer Story?

​Rural demand in India outpaces urban growth in Q2 2025, driving economic momentum and propelling sectors like FMCG and farm equipment.

Nimish Maheshwari

Auto Monthly Sales Volume - July 2025

The industry outlook remains cautiously optimistic, with festive stocking and monsoon progression as key variables for demand in H2FY26.

Axis Direct

India: More Rate Cuts Likely as Inflation Edges to the Bottom of RBI's Target Range

​Despite faster easing, RBI is still behind the curve with real policy rate at +3.4%. Vegetable deflation to persist Jul-Dec'25, prompting 100bp...

Prasenjit K. Basu

Thematic Report on Sectors of the Future: India’s Path to Global Economic Leadership

​India aims for 8-10% of global GDP by 2040 through strategic investments in key sectors, projecting $1.7-2 trillion in revenue by 2030 and...

Sudarshan Bhandari

India is revamping its GST system with dual-slab rates to simplify taxes, reduce prices, and boost consumption, potentially driving GDP growth by...

Rural demand in India outpaces urban growth in Q2 2025, driving economic momentum and propelling sectors like FMCG and farm equipment.

Despite faster easing, RBI is still behind the curve with real policy rate at +3.4%. Vegetable deflation to persist Jul-Dec'25, prompting 100bp...

India aims for 8-10% of global GDP by 2040 through strategic investments in key sectors, projecting $1.7-2 trillion in revenue by 2030 and...