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

Equity Derivatives

<ul>
<li>Adani Enterprises Limited (AEL) has incubated six publicly traded businesses across ports, power, transmission, renewable energy, city gas and FMCG.</li>
<li>The combined market capitalisation of businesses incubated by AEL stood at USD 94.3 billion as of March 31, 2026, according to the company.</li>
<li>The next value-unlocking candidates are airports, the new-energy ecosystem, data centres, roads and primary-materials. These businesses are larger and more capital-intensive, making execution and balance-sheet discipline central to the thesis.</li>
</ul>


Adani Enterprises Limited (AEL) has incubated six publicly traded businesses across ports, power, transmission, renewable energy, city gas and FMCG.
The combined market capitalisation of businesses incubated by AEL stood at USD 94.3 billion as of March 31, 2026, according to the company.
The next value-unlocking candidates are airports, the new-energy ecosystem, data centres, roads and primary-materials. These businesses are larger and more capital-intensive, making execution and balance-sheet discipline central to the thesis.


Adani Enterprises: India’s Biggest Business Incubator

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Thematic (Sector/Industry)

<ul>
<li>One search on Google Gemini or ChatGPT in terms of watts is 10 times more intensive than a plain Google search today.</li>
<li>AI is fueling energy demand, which currently accounts for just 1.5% of total demand, may outpace the growth of energy demand for all the sectors</li>
<li>AI, along with data centres, can also be utilised in effective use of energy</li>
</ul>


One search on Google Gemini or ChatGPT in terms of watts is 10 times more intensive than a plain Google search today.
AI is fueling energy demand, which currently accounts for just 1.5% of total demand, may outpace the growth of energy demand for all the sectors
AI, along with data centres, can also be utilised in effective use of energy


Charted Insight: How the Digital Boom Is Driving the Green Energy Revolution?

Partner at Exencial Research, Exencial Research

Viral Kishorchandra Shah

Partner at Exencial Research

Exencial Research

<ul>
<li>
Project completions rose to Rs.1.5 trillion in March 2025, surpassing Rs.1.3 trillion in December 2024, but yearly performance lags behind 2023-24 and 2022-23.</li>
<li>
Private sector led with Rs.675 billion, while central government completed Rs.463 billion, boosted by the Rs.257 billion P-75 Submarines Project finalized in January 2025.</li>
<li>
Renewable energy dominated completions at Rs.326 billion, with Adani Green’s Rs.65 billion solar projects in Rajasthan enhancing India’s green energy capacity.</li>
</ul>



Project completions rose to Rs.1.5 trillion in March 2025, surpassing Rs.1.3 trillion in December 2024, but yearly performance lags behind 2023-24 and 2022-23.

Private sector led with Rs.675 billion, while central government completed Rs.463 billion, boosted by the Rs.257 billion P-75 Submarines Project finalized in January 2025.

Renewable energy dominated completions at Rs.326 billion, with Adani Green’s Rs.65 billion solar projects in Rajasthan enhancing India’s green energy capacity.


India’s Rs.1.5T Q4 2025 Boost: Private Sector & Renewables Lead, Yearly Lag Persists

<ul>
<li>India boosts PLI outlay for steel sector to Rs. 305 cr to drive innovation, exports, and counter US import tariffs.</li>
<li>
<a href="https://www.smartkarma.com/entities/amazon-com-inc" target="_blank" data-smartkarma-citation="entities:409:1" rel="noopener">Amazon.com Inc (AMZN US)</a> explores spinning off and listing its India arm locally to align with regulations and strengthen its position in the market.</li>
<li>UBS and HSBC expand wealth operations in India, leveraging the IPO boom to capture rising investor demand and economic momentum.</li>
</ul>


India boosts PLI outlay for steel sector to Rs. 305 cr to drive innovation, exports, and counter US import tariffs.

Amazon.com Inc (AMZN US) explores spinning off and listing its India arm locally to align with regulations and strengthen its position in the market.
UBS and HSBC expand wealth operations in India, leveraging the IPO boom to capture rising investor demand and economic momentum.


#122 India Insight: India Ups Steel PLI, Amazon Mulls Local IPO, UBS & HSBC Eye Wealth Boom

<ul>
<li>India faces record electricity demand due to rising temperatures and industrial growth, expecting to reach 270 GW this summer, which raises concerns about grid readiness.</li>
<li>To meet this surge, India is expanding its power generation, relying heavily on coal for energy security, while gradually incorporating renewables, hydro, and nuclear energy.</li>
<li>This approach creates a paradox, as burning more fossil fuels to cope with heatwaves worsens the climate crisis, underscoring the urgent need for clean energy infrastructure and grid modernization. 
</li>
</ul>


India faces record electricity demand due to rising temperatures and industrial growth, expecting to reach 270 GW this summer, which raises concerns about grid readiness.
To meet this surge, India is expanding its power generation, relying heavily on coal for energy security, while gradually incorporating renewables, hydro, and nuclear energy.
This approach creates a paradox, as burning more fossil fuels to cope with heatwaves worsens the climate crisis, underscoring the urgent need for clean energy infrastructure and grid modernization. 



How India Is Powering Up Its Summer Energy Demand?

India

Adani Green Energy Limited is an Indian renewable energy company that develops, owns, and operates utility-scale grid-connected solar, wind, hybrid, and energy storage projects. The company supplies electricity to central and state government entities and government-backed corporations. It is headquartered in Ahmedabad, Gujarat, India, and was founded in 2015.

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Adani Green Energy (ADANIGR IN)

Adani Enterprises: India’s Biggest Business Incubator

Adani Enterprises: How one listed company repeatedly built new businesses, scaled them into category leaders and unlocked value for shareholders?

Sudarshan Bhandari

Charted Insight: How the Digital Boom Is Driving the Green Energy Revolution?

AI-driven searches on Google Gemini or ChatGPT are 10x more energy-intensive than regular searches, highlighting the potential for AI to drive...

Nimish Maheshwari

India’s Rs.1.5T Q4 2025 Boost: Private Sector & Renewables Lead, Yearly Lag Persists

Project completions in March 2025 reached Rs.1.5 trillion, with private sector leading at Rs.675 billion and renewable energy projects dominating...

Viral Kishorchandra Shah

#122 India Insight: India Ups Steel PLI, Amazon Mulls Local IPO, UBS & HSBC Eye Wealth Boom

India boosts steel sector, Amazon considers local listing in India, UBS and HSBC expand wealth operations to capitalize on IPO boom and investor...

Sudarshan Bhandari

How India Is Powering Up Its Summer Energy Demand?

India faces record electricity demand this summer, expanding power generation with coal while incorporating renewables, highlighting the need for...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Adani Enterprises: India’s Biggest Business Incubator

Adani Enterprises: How one listed company repeatedly built new businesses, scaled them into category leaders and unlocked value for shareholders?

Sudarshan Bhandari

Charted Insight: How the Digital Boom Is Driving the Green Energy Revolution?

​AI-driven searches on Google Gemini or ChatGPT are 10x more energy-intensive than regular searches, highlighting the potential for AI to drive...

Nimish Maheshwari

India’s Rs.1.5T Q4 2025 Boost: Private Sector & Renewables Lead, Yearly Lag Persists

​Project completions in March 2025 reached Rs.1.5 trillion, with private sector leading at Rs.675 billion and renewable energy projects dominating...

Viral Kishorchandra Shah

#122 India Insight: India Ups Steel PLI, Amazon Mulls Local IPO, UBS & HSBC Eye Wealth Boom

​India boosts steel sector, Amazon considers local listing in India, UBS and HSBC expand wealth operations to capitalize on IPO boom and investor...

Sudarshan Bhandari

How India Is Powering Up Its Summer Energy Demand?

​India faces record electricity demand this summer, expanding power generation with coal while incorporating renewables, highlighting the need for...

Nimish Maheshwari

AI-driven searches on Google Gemini or ChatGPT are 10x more energy-intensive than regular searches, highlighting the potential for AI to drive...

Project completions in March 2025 reached Rs.1.5 trillion, with private sector leading at Rs.675 billion and renewable energy projects dominating...

India boosts steel sector, Amazon considers local listing in India, UBS and HSBC expand wealth operations to capitalize on IPO boom and investor...

India faces record electricity demand this summer, expanding power generation with coal while incorporating renewables, highlighting the need for...