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>
<a href="https://www.smartkarma.com/entities/adani-wilmar" target="_blank" data-smartkarma-citation="entities:34763:1" rel="noopener">Adani Wilmar (AWLTD IN)</a>  OFS was oversubscribed by 111.19%, prompting the company to allocate an additional 1.96 lakh shares. This sale is part of <a href="https://www.smartkarma.com/entities/adani-enterprises-ltd" target="_blank" data-smartkarma-citation="entities:245:1" rel="noopener">Adani Enterprises (ADE IN)</a> exit strategy.</li>
<li>HDFC Securities has surpassed Rs.25,000 crore in mutual fund assets under management (AUM), driven by strong growth in SIPs, which contribute over 40% of its AUM, well above industry averages</li>
<li>GOI is likely to provide Rs. 35,000 crore in subsidies to <a href="https://www.smartkarma.com/entities/indian-oil-corp-ltd" target="_blank" data-smartkarma-citation="entities:7781:1" rel="noopener">Indian Oil Corp (IOCL IN)</a> , <a href="https://www.smartkarma.com/entities/bharat-petroleum-corp-ltd" target="_blank" data-smartkarma-citation="entities:10222:1" rel="noopener">Bharat Petroleum Corp (BPCL IN)</a> and <a href="https://www.smartkarma.com/entities/hindustan-petroleum-corp" target="_blank" data-smartkarma-citation="entities:19342:1" rel="noopener">Hindustan Petroleum (HPCL IN)</a> to compensate for LPG sales losses. </li>
</ul>



Adani Wilmar (AWLTD IN)  OFS was oversubscribed by 111.19%, prompting the company to allocate an additional 1.96 lakh shares. This sale is part of Adani Enterprises (ADE IN) exit strategy.
HDFC Securities has surpassed Rs.25,000 crore in mutual fund assets under management (AUM), driven by strong growth in SIPs, which contribute over 40% of its AUM, well above industry averages
GOI is likely to provide Rs. 35,000 crore in subsidies to Indian Oil Corp (IOCL IN) , Bharat Petroleum Corp (BPCL IN) and Hindustan Petroleum (HPCL IN) to compensate for LPG sales losses. 


#85 India Insight: Adani Wilmar Oversubscribed, HDFC Hits ₹25,000 Cr AUM, GOI To Aid LPG Losses

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

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/zomato-ltd" target="_blank" data-smartkarma-citation="entities:28820:1" rel="noopener">Zomato (ZOMATO IN)</a> and <a href="https://www.smartkarma.com/entities/jio-financial-services-limited" target="_blank" data-smartkarma-citation="entities:40042:1" rel="noopener">Jio Financial Services (JIOFIN IN)</a> should replace <a href="https://www.smartkarma.com/entities/bharat-petroleum-corp-ltd" target="_blank" data-smartkarma-citation="entities:10222:1" rel="noopener">Bharat Petroleum Corp (BPCL IN)</a> and <a href="https://www.smartkarma.com/entities/britannia-industries-ltd" target="_blank" data-smartkarma-citation="entities:16495:1" rel="noopener">Britannia Industries (BRIT IN)</a> in the <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY Index (NIFTY INDEX)</a> in March.</li>
<li>Passive <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY Index</a> trackers will need to trade at least 4.5x ADV and 8.8x delivery volume on the stocks. There is some opposite flow from <a href="https://www.smartkarma.com/entities/nse-nifty-next-50-index" target="_blank" data-smartkarma-citation="entities:36053:1" rel="noopener">Nifty Next 50 Index </a>trackers.</li>
<li>There does not appear to be a lot of positioning in <a href="https://www.smartkarma.com/entities/jio-financial-services-limited" target="_blank" data-smartkarma-citation="entities:40042:1" rel="noopener">Jio Financial Services (JIOFIN IN)</a> and the stock could outperform its peers over the next few months.</li>
</ul>



Zomato (ZOMATO IN) and Jio Financial Services (JIOFIN IN) should replace Bharat Petroleum Corp (BPCL IN) and Britannia Industries (BRIT IN) in the NIFTY Index (NIFTY INDEX) in March.
Passive NIFTY Index trackers will need to trade at least 4.5x ADV and 8.8x delivery volume on the stocks. There is some opposite flow from Nifty Next 50 Index trackers.
There does not appear to be a lot of positioning in Jio Financial Services (JIOFIN IN) and the stock could outperform its peers over the next few months.


NIFTY50 Index Rebalance Preview: Yuuge Flow & Impact; Positioning Mixed

<ul>
<li>Foreign investors shifted focus from equities to debt in 2024, driven by India’s inclusion in global bond indices and expectations of US interest rate cuts, despite earlier equity outflows.</li>
<li>Tata’s new semiconductor facility in Assam, set to operationalize in 2025, will strengthen India’s semiconductor ecosystem.</li>
<li>
<a href="https://www.smartkarma.com/entities/hindustan-aeronautics-ltd" target="_blank" data-smartkarma-citation="entities:26747:1" rel="noopener">Hindustan Aeronautics (HNAL IN)</a>  will begin trials for Tejas Mk-1A jets in January 2025, aiming to meet IAF delivery deadlines and ensure operational readiness despite production delays.</li>
</ul>


Foreign investors shifted focus from equities to debt in 2024, driven by India’s inclusion in global bond indices and expectations of US interest rate cuts, despite earlier equity outflows.
Tata’s new semiconductor facility in Assam, set to operationalize in 2025, will strengthen India’s semiconductor ecosystem.

Hindustan Aeronautics (HNAL IN)  will begin trials for Tejas Mk-1A jets in January 2025, aiming to meet IAF delivery deadlines and ensure operational readiness despite production delays.


#75 India Insight: FPI Investment Plunges 96%, Tata Semi Con Plant, HAL Tejas MK - 1A Plan

<ul>
<li>The influx of prominent companies like Tata Capital and Greaves Electric Mobility entering the public market signals robust investor confidence and a burgeoning appetite for growth-oriented businesses.</li>
<li>
<a href="https://www.smartkarma.com/entities/bharat-petroleum-corp-ltd" target="_blank" data-smartkarma-citation="entities:10222:1" rel="noopener">Bharat Petroleum Corp (BPCL IN)</a> commitment to a new refinery project signifies a strategic push towards bolstering production capacity and capitalizing on India's increasing demand for petrochemical products.</li>
<li>
<a href="https://www.smartkarma.com/entities/gulf-oil-lubricants-india-ltd" target="_blank" data-smartkarma-citation="entities:13734:1" rel="noopener">Gulf Oil Lubricants India (GOLI IN)</a> broadens its reach by collaborating with Nayara Energy to distribute automotive products across 6,500 fuel outlets.</li>
</ul>


The influx of prominent companies like Tata Capital and Greaves Electric Mobility entering the public market signals robust investor confidence and a burgeoning appetite for growth-oriented businesses.

Bharat Petroleum Corp (BPCL IN) commitment to a new refinery project signifies a strategic push towards bolstering production capacity and capitalizing on India's increasing demand for petrochemical products.

Gulf Oil Lubricants India (GOLI IN) broadens its reach by collaborating with Nayara Energy to distribute automotive products across 6,500 fuel outlets.


# 74 India Insight: Tata Capital IPO, BPCL 6100 Cr Refinery Project, Greaves Cotton's EV Momentum

Index Rebal Trades & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal Trades & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.</li>
<li>In this insight, we take a look at the names leading the race to become ADDs/DELs for these indices in the March 2025 index rebal event.</li>
<li>
<a href="https://www.smartkarma.com/entities/zomato-ltd" target="_blank" data-smartkarma-citation="entities:28820:1" rel="noopener">Zomato (ZOMATO IN)</a> and <a href="https://www.smartkarma.com/entities/jio-financial-services-limited" target="_blank" data-smartkarma-citation="entities:40042:1" rel="noopener">Jio Financial Services (JIOFIN IN)</a> could see index inflows during the December 2024 rebalance and March 2025 rebalance.</li>
</ul>


NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.
In this insight, we take a look at the names leading the race to become ADDs/DELs for these indices in the March 2025 index rebal event.

Zomato (ZOMATO IN) and Jio Financial Services (JIOFIN IN) could see index inflows during the December 2024 rebalance and March 2025 rebalance.


Quiddity Leaderboard NIFTY Mar 25: Inflows for Zomato and Jiofin in Dec 24 and Mar 25

India

Bharat Petroleum Corporation Limited explores for and refines crude oil. The Company manufactures petroleum, petroleum products, lubricants, liquefied petroleum gas, aromatics like benzene and toluene, and other related products. Bharat has retail outlets throughout the country.

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Bharat Petroleum Corp (BPCL IN)

#85 India Insight: Adani Wilmar Oversubscribed, HDFC Hits ₹25,000 Cr AUM, GOI To Aid LPG Losses

Adani Wilmar's OFS oversubscribed by 111.19%, HDFC Securities hits Rs.25,000 crore AUM in mutual funds, GOI to provide Rs.35,000 crore subsidies...

Sudarshan Bhandari

NIFTY50 Index Rebalance Preview: Yuuge Flow & Impact; Positioning Mixed

There are 2 high probability changes for the NIFTY50 in March. Watch out for a change in the potential deletions. Impact is high at a minimum of...

Brian Freitas

#75 India Insight: FPI Investment Plunges 96%, Tata Semi Con Plant, HAL Tejas MK - 1A Plan

Foreign investors shift focus to debt in 2024, Tata's new semiconductor facility to boost India's ecosystem, Hindustan Aeronautics trials Tejas...

Sudarshan Bhandari

# 74 India Insight: Tata Capital IPO, BPCL 6100 Cr Refinery Project, Greaves Cotton's EV Momentum

Prominent companies like Tata Capital and Greaves Electric Mobility enter the public market, while BPCL and Gulf Oil Lubricants India expand...

Sudarshan Bhandari

Quiddity Leaderboard NIFTY Mar 25: Inflows for Zomato and Jiofin in Dec 24 and Mar 25

The recent changes to the NSE F&O segment have resulted in fairly significant changes to our Dec 24 flow expectations and Mar 25 index change...

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

#85 India Insight: Adani Wilmar Oversubscribed, HDFC Hits ₹25,000 Cr AUM, GOI To Aid LPG Losses

​Adani Wilmar's OFS oversubscribed by 111.19%, HDFC Securities hits Rs.25,000 crore AUM in mutual funds, GOI to provide Rs.35,000 crore subsidies...

Sudarshan Bhandari

NIFTY50 Index Rebalance Preview: Yuuge Flow & Impact; Positioning Mixed

There are 2 high probability changes for the NIFTY50 in March. Watch out for a change in the potential deletions. Impact is high at a minimum of...

Brian Freitas

#75 India Insight: FPI Investment Plunges 96%, Tata Semi Con Plant, HAL Tejas MK - 1A Plan

​Foreign investors shift focus to debt in 2024, Tata's new semiconductor facility to boost India's ecosystem, Hindustan Aeronautics trials Tejas...

Sudarshan Bhandari

# 74 India Insight: Tata Capital IPO, BPCL 6100 Cr Refinery Project, Greaves Cotton's EV Momentum

Prominent companies like Tata Capital and Greaves Electric Mobility enter the public market, while BPCL and Gulf Oil Lubricants India expand...

Sudarshan Bhandari

Quiddity Leaderboard NIFTY Mar 25: Inflows for Zomato and Jiofin in Dec 24 and Mar 25

The recent changes to the NSE F&O segment have resulted in fairly significant changes to our Dec 24 flow expectations and Mar 25 index change...

Janaghan Jeyakumar, CFA

Adani Wilmar's OFS oversubscribed by 111.19%, HDFC Securities hits Rs.25,000 crore AUM in mutual funds, GOI to provide Rs.35,000 crore subsidies...

Foreign investors shift focus to debt in 2024, Tata's new semiconductor facility to boost India's ecosystem, Hindustan Aeronautics trials Tejas...