Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Our outlook remains neutral on global equities (MSCI ACWI) as of our August 8, 2024 Int’l Compass, after being bullish since early-November 2023</li>
<li>As discussed since late-July, we believe we're still within a 4- to 6-month pullback/consolidation from our selected July 17 starting point, until the market decides which was this consolidation resolves </li>
<li>TOPIX is below 2740-2820 resistance. Europe is testing resistance, though near potential breakouts on the EURO STOXX 50, STOXX Europe 600, and STOXX Europe 50. Watch for false breakouts</li>
</ul>


Our outlook remains neutral on global equities (MSCI ACWI) as of our August 8, 2024 Int’l Compass, after being bullish since early-November 2023
As discussed since late-July, we believe we're still within a 4- to 6-month pullback/consolidation from our selected July 17 starting point, until the market decides which was this consolidation resolves 
TOPIX is below 2740-2820 resistance. Europe is testing resistance, though near potential breakouts on the EURO STOXX 50, STOXX Europe 600, and STOXX Europe 50. Watch for false breakouts


Japan and Europe Holding Below Resistance; MSCI ACWI, ACWI Ex-US, EAFE (Local Curr) Below Resistance

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>Bajaj Auto to invest INR 800 crore in Maharashtra to boost electric three-wheeler production.</li>
<li>Emami plans to fully acquire The Man Company, enhancing its digital-first brand portfolio.</li>
<li>WeWork India to launch new workspaces in Bengaluru and Noida, addressing flexible workspace demand.</li>
</ul>


Bajaj Auto to invest INR 800 crore in Maharashtra to boost electric three-wheeler production.
Emami plans to fully acquire The Man Company, enhancing its digital-first brand portfolio.
WeWork India to launch new workspaces in Bengaluru and Noida, addressing flexible workspace demand.


# 35 India Insight: Bajaj Auto Investment, Emami Acquire Man Company, WeWork India New Workspaces

<ul>
<li>Telcos Bid INR 11,000 Crore in First Day of 5G Spectrum Auction</li>
<li>UltraTech Cement Revises RAKWCT Acquisition from 31.6% to 25% Stake </li>
<li>Bajaj Auto Achieves Over 7 Million Unit Production Capacity in FY24</li>
</ul>


Telcos Bid INR 11,000 Crore in First Day of 5G Spectrum Auction
UltraTech Cement Revises RAKWCT Acquisition from 31.6% to 25% Stake 
Bajaj Auto Achieves Over 7 Million Unit Production Capacity in FY24


#19 India Insight: Telcos Bid for 5G Spectrum, UltraTech Acquisition, Bajaj Auto Expands Capacity

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

<ul>
<li>
<a href="https://www.smartkarma.com/entities/apple-inc" target="_blank" data-smartkarma-citation="entities:666:1" rel="noopener">Apple (AAPL US)</a> ’s AI debut was going to be a complicated one considering challenges highlighted privacy concerns over partnership with Chat GPT.</li>
<li>
<a href="https://www.smartkarma.com/entities/general-motors-co" target="_blank" data-smartkarma-citation="entities:18811:1" rel="noopener">General Motors (GM US)</a> Approves $6 Billion Share Buyback Amid Strong Gasoline Vehicle Demand</li>
<li>
<a href="https://www.smartkarma.com/entities/alaska-air-group-inc" target="_blank" data-smartkarma-citation="entities:19543:1" rel="noopener">Alaska Air Group (ALK US)</a> Loses Appeal in $160 Million Trademark Case with <a href="https://www.smartkarma.com/entities/virgin-america-inc" target="_blank" data-smartkarma-citation="entities:17423:1" rel="noopener">Virgin America (VA US)</a> Group</li>
</ul>



Apple (AAPL US) ’s AI debut was going to be a complicated one considering challenges highlighted privacy concerns over partnership with Chat GPT.

General Motors (GM US) Approves $6 Billion Share Buyback Amid Strong Gasoline Vehicle Demand

Alaska Air Group (ALK US) Loses Appeal in $160 Million Trademark Case with Virgin America (VA US) Group


#16 Business Buzz: Apple AI, GM's Buyback, Alaska Air Case and Ola Electric IPO

Equity Derivatives

<ul>
<li>Ather launched Konarc on the new EL platform at INR 99,999, with up to 200 km IDC range, quicker home charging and a 10-year battery warranty.</li>
<li>Konarc takes Ather below Rizta’s mass-premium positioning and gives its fast-expanded retail network a product aimed at India’s broad commuter market.</li>
<li>The growth runway improves, but the stock already prices in strong execution. Investors now need evidence on mix, contribution margin and delivery scale.</li>
</ul>


Ather launched Konarc on the new EL platform at INR 99,999, with up to 200 km IDC range, quicker home charging and a 10-year battery warranty.
Konarc takes Ather below Rizta’s mass-premium positioning and gives its fast-expanded retail network a product aimed at India’s broad commuter market.
The growth runway improves, but the stock already prices in strong execution. Investors now need evidence on mix, contribution margin and delivery scale.


Ather Energy Community Day 2026: Konarc Opens the Mass Market

India

Bajaj Auto Limited manufactures and distributes motorized two-wheeled and three-wheeled scooters, motorcycles and mopeds.

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Bajaj Auto Ltd (BJAUT IN)

Japan and Europe Holding Below Resistance; MSCI ACWI, ACWI Ex-US, EAFE (Local Curr) Below Resistance

Japan and Europe Holding Below Resistance; MSCI ACWI, ACWI ex-US, and EAFE (local currency) Also Below Resistance Though Testing Now; $EEM breakout...

Vermilion Research

# 35 India Insight: Bajaj Auto Investment, Emami Acquire Man Company, WeWork India New Workspaces

Bajaj Auto invests in Maharashtra for electric three-wheelers, Emami acquires The Man Company, WeWork expands in Bengaluru and Noida to meet...

Sudarshan Bhandari

#19 India Insight: Telcos Bid for 5G Spectrum, UltraTech Acquisition, Bajaj Auto Expands Capacity

Telcos bid INR 11,000 crore for 5G spectrum, UltraTech Cement reduces stake in RAKWCT, Bajaj Auto reaches over 7 million unit production capacity...

Sudarshan Bhandari

#16 Business Buzz: Apple AI, GM's Buyback, Alaska Air Case and Ola Electric IPO

Apple's AI debut faces challenges over privacy concerns with Chat GPT partnership. GM approves $6 Bn share buyback amid strong gasoline vehicle...

Nimish Maheshwari

Ather Energy Community Day 2026: Konarc Opens the Mass Market

Community Day 2026 moves Ather beyond its premium roots. The ₹99,999 Konarc can widen the addressable market and improve platform economics.

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Japan and Europe Holding Below Resistance; MSCI ACWI, ACWI Ex-US, EAFE (Local Curr) Below Resistance

Japan and Europe Holding Below Resistance; MSCI ACWI, ACWI ex-US, and EAFE (local currency) Also Below Resistance Though Testing Now; $EEM breakout...

Vermilion Research

# 35 India Insight: Bajaj Auto Investment, Emami Acquire Man Company, WeWork India New Workspaces

​Bajaj Auto invests in Maharashtra for electric three-wheelers, Emami acquires The Man Company, WeWork expands in Bengaluru and Noida to meet...

Sudarshan Bhandari

#19 India Insight: Telcos Bid for 5G Spectrum, UltraTech Acquisition, Bajaj Auto Expands Capacity

​Telcos bid INR 11,000 crore for 5G spectrum, UltraTech Cement reduces stake in RAKWCT, Bajaj Auto reaches over 7 million unit production capacity...

Sudarshan Bhandari

#16 Business Buzz: Apple AI, GM's Buyback, Alaska Air Case and Ola Electric IPO

​Apple's AI debut faces challenges over privacy concerns with Chat GPT partnership. GM approves $6 Bn share buyback amid strong gasoline vehicle...

Nimish Maheshwari

Ather Energy Community Day 2026: Konarc Opens the Mass Market

Community Day 2026 moves Ather beyond its premium roots. The ₹99,999 Konarc can widen the addressable market and improve platform economics.

Sudarshan Bhandari

Bajaj Auto invests in Maharashtra for electric three-wheelers, Emami acquires The Man Company, WeWork expands in Bengaluru and Noida to meet...

Telcos bid INR 11,000 crore for 5G spectrum, UltraTech Cement reduces stake in RAKWCT, Bajaj Auto reaches over 7 million unit production capacity...

Apple's AI debut faces challenges over privacy concerns with Chat GPT partnership. GM approves $6 Bn share buyback amid strong gasoline vehicle...