India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

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>Airtel repurposes 4G spectrum for advanced 5G, launching Standalone and Non-Standalone modes soon.</li>
<li>HPCL aims to start LNG terminal in December, seeking long-term import deals and expansion.</li>
<li>Vedanta's demerger plan approved by creditors, creating six independent entities to manage debt.</li>
</ul>


Airtel repurposes 4G spectrum for advanced 5G, launching Standalone and Non-Standalone modes soon.
HPCL aims to start LNG terminal in December, seeking long-term import deals and expansion.
Vedanta's demerger plan approved by creditors, creating six independent entities to manage debt.


# 38 India Insight: HPCL LNG Terminal, Vedanta Demerger Approved, Adani Wilmar Growth

<ul>
<li>L&amp;T wins contracts for key grid infrastructure in India, Saudi Arabia, UAE, advancing clean energy.</li>
<li>Airtel re-farms mid-band spectrum to boost 5G speeds and coverage, launching SA technology soon.</li>
<li>Adani Total Gas reports 20% profit rise, driven by higher CNG and PNG sales.</li>
</ul>


L&amp;T wins contracts for key grid infrastructure in India, Saudi Arabia, UAE, advancing clean energy.
Airtel re-farms mid-band spectrum to boost 5G speeds and coverage, launching SA technology soon.
Adani Total Gas reports 20% profit rise, driven by higher CNG and PNG sales.


# 37 India Insight: L&T Wins Contract, Airtel to Boost 5G, Adani Total Gas 20% Profit Rise

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>Companies in India have disclosed their shareholding pattern as of end-June in July. There are companies with significant float changes from end-December and/or end-March.</li>
<li>The changes in free float could be reflected in domestic and global indices over the next few weeks and months resulting in action from passive trackers.</li>
<li>Depending on the date that the shareholding was published, there could be 12 stocks with passive inflows from global trackers while 5 could see passive outflows in August.</li>
</ul>


Companies in India have disclosed their shareholding pattern as of end-June in July. There are companies with significant float changes from end-December and/or end-March.
The changes in free float could be reflected in domestic and global indices over the next few weeks and months resulting in action from passive trackers.
Depending on the date that the shareholding was published, there could be 12 stocks with passive inflows from global trackers while 5 could see passive outflows in August.


India: Potential Free Float Changes & Passive Flows in August

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund 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>After a meteoric rise of benchmark indices in FY24, the bull run continues unabated in FY25, notwithstanding general election-led market volatilities</li><li>So far in FY25, the benchmark indices Nifty 50, Nifty midcap 100 and Nifty Small cap 100 have delivered remarkable returns of 9%, 18% and 23% respectively</li><li>These performances follow massive returns of 29%,60% and 70% respectively generated by these indices in FY24</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.

After a meteoric rise of benchmark indices in FY24, the bull run continues unabated in FY25, notwithstanding general election-led market volatilitiesSo far in FY25, the benchmark indices Nifty 50, Nifty midcap 100 and Nifty Small cap 100 have delivered remarkable returns of 9%, 18% and 23% respectivelyThese performances follow massive returns of 29%,60% and 70% respectively generated by these indices in FY24Content 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.

Earnings Vs Multiples: PE re-rating far outweighs earning upgrades

External broker reports(aggregated public sources), Axis Direct

Axis Direct

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>Tariff Hike by Jio and Bharti Airtel: Jio and Bharti Airtel (Bharti) announced much much-awaited tariff hike in prepaid and postpaid plans.</li><li>In its popular 1 GB/day and 1.5 GB/day pre-paid plans, Bharti/ VIL hiked the tariff by 11-17%, while Jio hiked it by 20-25%, narrowing Jio’s discount to Bharti from ~20% to ~15% while the absolute gap between the Telcos remains in the range of Rs 50-60.</li><li>While this will help companies gain meaningful ARPU in the near term, the same will be reflected in their financials from Q3FY25 and onwards.</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.

Tariff Hike by Jio and Bharti Airtel: Jio and Bharti Airtel (Bharti) announced much much-awaited tariff hike in prepaid and postpaid plans.In its popular 1 GB/day and 1.5 GB/day pre-paid plans, Bharti/ VIL hiked the tariff by 11-17%, while Jio hiked it by 20-25%, narrowing Jio’s discount to Bharti from ~20% to ~15% while the absolute gap between the Telcos remains in the range of Rs 50-60.While this will help companies gain meaningful ARPU in the near term, the same will be reflected in their financials from Q3FY25 and onwards.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.

Telecom Q1fy25 Result Preview – Higher Monetization in near Term

India

Bharti Airtel Limited, a part of Bharti Enterprises, provides telecommunications services throughout India. The Company provides GSM Mobile Services, broadband, fixed line telephone services, long distance services (international & national) and enterprise services.

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Bharti Airtel (BHARTI IN)

# 38 India Insight: HPCL LNG Terminal, Vedanta Demerger Approved, Adani Wilmar Growth

Airtel repurposes 4G spectrum for advanced 5G, HPCL to start LNG terminal in December, Vedanta's demerger plan approved by creditors creating six...

Sudarshan Bhandari

# 37 India Insight: L&T Wins Contract, Airtel to Boost 5G, Adani Total Gas 20% Profit Rise

L&T secures contracts for grid infrastructure, Airtel enhances 5G capabilities, Adani Total Gas sees profit growth from CNG and PNG sales.

Sudarshan Bhandari

India: Potential Free Float Changes & Passive Flows in August

Changes to shareholding patterns could lead to changes in float for some stocks in local/global indices. Passive trackers will need to trade over 4...

Brian Freitas

Earnings Vs Multiples: PE re-rating far outweighs earning upgrades

After a meteoric rise of benchmark indices in FY24, the bull run continues unabated in FY25, notwithstanding general election-led market volatilities

HDFC Securities

Telecom Q1fy25 Result Preview – Higher Monetization in near Term

Tariff Hike by Jio and Bharti Airtel: Jio and Bharti Airtel (Bharti) announced much much-awaited tariff hike in prepaid and postpaid plans.

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

# 38 India Insight: HPCL LNG Terminal, Vedanta Demerger Approved, Adani Wilmar Growth

​Airtel repurposes 4G spectrum for advanced 5G, HPCL to start LNG terminal in December, Vedanta's demerger plan approved by creditors creating six...

Sudarshan Bhandari

# 37 India Insight: L&T Wins Contract, Airtel to Boost 5G, Adani Total Gas 20% Profit Rise

​L&T secures contracts for grid infrastructure, Airtel enhances 5G capabilities, Adani Total Gas sees profit growth from CNG and PNG sales.

Sudarshan Bhandari

India: Potential Free Float Changes & Passive Flows in August

Changes to shareholding patterns could lead to changes in float for some stocks in local/global indices. Passive trackers will need to trade over 4...

Brian Freitas

Earnings Vs Multiples: PE re-rating far outweighs earning upgrades

After a meteoric rise of benchmark indices in FY24, the bull run continues unabated in FY25, notwithstanding general election-led market volatilities

HDFC Securities

Telecom Q1fy25 Result Preview – Higher Monetization in near Term

Tariff Hike by Jio and Bharti Airtel: Jio and Bharti Airtel (Bharti) announced much much-awaited tariff hike in prepaid and postpaid plans.

Axis Direct

Airtel repurposes 4G spectrum for advanced 5G, HPCL to start LNG terminal in December, Vedanta's demerger plan approved by creditors creating six...

L&T secures contracts for grid infrastructure, Airtel enhances 5G capabilities, Adani Total Gas sees profit growth from CNG and PNG sales.