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>Budget 2026 grants foreign cloud companies a tax holiday until 2047, while four Indian conglomerates are on track to control 35-40% of national data center capacity by 2030.</li>
<li>The partnership model between global hyperscalers and Indian operators, structurally unlike the USA/Europe build-own approach, concentrates economic value domestically and compresses timelines.</li>
<li>AI demand is so capital-magnetic that the sector will grow regardless, but a chronic grid delivery gap raises the probability of the 10 GW target slipping to 2032.</li>
</ul>


Budget 2026 grants foreign cloud companies a tax holiday until 2047, while four Indian conglomerates are on track to control 35-40% of national data center capacity by 2030.
The partnership model between global hyperscalers and Indian operators, structurally unlike the USA/Europe build-own approach, concentrates economic value domestically and compresses timelines.
AI demand is so capital-magnetic that the sector will grow regardless, but a chronic grid delivery gap raises the probability of the 10 GW target slipping to 2032.


Thematic Report: India's Data Center Oligopoly!

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

<ul>
<li>Global fiber optic cable demand is entering a structural upcycle driven by 5G densification, AI data center buildouts, and national broadband mandates. </li>
<li>Three domestic manufacturers, <a href="https://www.smartkarma.com/entities/sterlite-technologies-ltd" target="_blank" data-smartkarma-citation="entities:10121:1" rel="noopener">Sterlite Technologies (SOTL IN)</a>, <a href="https://www.smartkarma.com/entities/hfcl-ltd" target="_blank" data-smartkarma-citation="entities:1386:1" rel="noopener">HFCL Ltd (HMFC IN)</a>, and <a href="https://www.smartkarma.com/entities/finolex-cables-ltd" target="_blank" data-smartkarma-citation="entities:11606:1" rel="noopener">Finolex Cables (FNXC IN)</a>, are positioned directly in the path of this demand surge.</li>
<li>The India OFC story is early-cycle, policy-backed, and supply-constrained. With BharatNet Phase III, 5G backhaul demand, AI-driven data center, the next 36-months could be defining for Indian fiber cable manufacturers.</li>
</ul>


Global fiber optic cable demand is entering a structural upcycle driven by 5G densification, AI data center buildouts, and national broadband mandates. 
Three domestic manufacturers, Sterlite Technologies (SOTL IN), HFCL Ltd (HMFC IN), and Finolex Cables (FNXC IN), are positioned directly in the path of this demand surge.
The India OFC story is early-cycle, policy-backed, and supply-constrained. With BharatNet Phase III, 5G backhaul demand, AI-driven data center, the next 36-months could be defining for Indian fiber cable manufacturers.


Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

Equity Derivatives

Contemporary Amperex Technology (CATL) / Equity Derivatives

Contemporary Amperex Technology (CATL) (300750 CH)

<ul>
<li>WEEKLY tactical global macro recap/analysis for several markets and stocks we track, grouped by sector.</li>
<li>We apply our quantitative models to each instrument's trend, to determine which stocks/markets are just starting a trend, are in the middle of it, or are about to end it.</li>
<li>
Most overbought:  Nikkei 225, Hanwha Solutions (009830 KS), Tokyo Electron (8035 JP), Advantest Corp (6857 JP) Most oversold: NIFTY, CATL (300750 CH), GLD, Zijin Mining, Nippon Steel Corporation (5401 JP)</li>
</ul>


WEEKLY tactical global macro recap/analysis for several markets and stocks we track, grouped by sector.
We apply our quantitative models to each instrument's trend, to determine which stocks/markets are just starting a trend, are in the middle of it, or are about to end it.

Most overbought:  Nikkei 225, Hanwha Solutions (009830 KS), Tokyo Electron (8035 JP), Advantest Corp (6857 JP) Most oversold: NIFTY, CATL (300750 CH), GLD, Zijin Mining, Nippon Steel Corporation (5401 JP)


WEEKLY Tactical Recap | Asymmetric Setup: CATL, Advantest Corp, Tokyo Electron, Zijin Mining, NIFTY

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>Q3FY26 Earnings Review: Gradual Recovery with Sectoral Divergence: Q3FY26 Nifty earnings trends suggest gradual normalisation with 7% YoY growth for NIFTY50, while Nifty500 and Nifty Small Cap 250 growth stood at 13% and 29% respectively.</li><li>Financials delivered steady performance supported by robust credit growth and stable asset quality.</li><li>Capital goods and infrastructure names reported strong order inflows, reflecting continued momentum in public and private capex. </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.

Q3FY26 Earnings Review: Gradual Recovery with Sectoral Divergence: Q3FY26 Nifty earnings trends suggest gradual normalisation with 7% YoY growth for NIFTY50, while Nifty500 and Nifty Small Cap 250 growth stood at 13% and 29% respectively.Financials delivered steady performance supported by robust credit growth and stable asset quality.Capital goods and infrastructure names reported strong order inflows, reflecting continued momentum in public and private capex. 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.

Axis Top Picks for the month of March 2026

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

<ul><li>Citi maintains 'buy' on CLI, setting $3.40 TP amid M&amp;A and rising FUM growth.</li><li>Lim &amp; Tan Securities rates Reclaims Global as 'buy' with a target price of 60c.</li><li>Maybank's Ong increases Thomson Medical's target price due to enhanced Johor land value.</li></ul>

Citi maintains 'buy' on CLI, setting $3.40 TP amid M&amp;A and rising FUM growth.Lim &amp; Tan Securities rates Reclaims Global as 'buy' with a target price of 60c.Maybank's Ong increases Thomson Medical's target price due to enhanced Johor land value.

Singapore Market Roundup (12-Feb-2026): Citi keeps 'buy' on CLI, sets $3.40 target amid M&A

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)

Thematic Report: India's Data Center Oligopoly!

Budget 2026 grants tax holiday to foreign cloud companies, Indian conglomerates set to control data center capacity, AI sector growth inevitable...

Sudarshan Bhandari

Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...

Nimish Maheshwari

WEEKLY Tactical Recap | Asymmetric Setup: CATL, Advantest Corp, Tokyo Electron, Zijin Mining, NIFTY

Weekly Macro Tactical Recap | Asymmetric Setups - Quantitative models tracking momentum extremes across Asian/Global equities and commodities to...

Nico Rosti

Axis Top Picks for the month of March 2026

Gradual Recovery with Sectoral Divergence: Q3FY26 Nifty earnings trends suggest gradual normalisation with 7% YoY growth for NIFTY50

Axis Direct

Singapore Market Roundup (12-Feb-2026): Citi keeps 'buy' on CLI, sets $3.40 target amid M&A

Citi keeps 'buy' on CLI with $3.40 TP; Lim & Tan rates Reclaims Global as 'buy' at 60c; Maybank raises Thomson Medical's TP due to higher Johor...

Singapore Market Roundup

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Thematic Report: India's Data Center Oligopoly!

​Budget 2026 grants tax holiday to foreign cloud companies, Indian conglomerates set to control data center capacity, AI sector growth inevitable...

Sudarshan Bhandari

Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

​Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...

Nimish Maheshwari

WEEKLY Tactical Recap | Asymmetric Setup: CATL, Advantest Corp, Tokyo Electron, Zijin Mining, NIFTY

Weekly Macro Tactical Recap | Asymmetric Setups - Quantitative models tracking momentum extremes across Asian/Global equities and commodities to...

Nico Rosti

Axis Top Picks for the month of March 2026

Gradual Recovery with Sectoral Divergence: Q3FY26 Nifty earnings trends suggest gradual normalisation with 7% YoY growth for NIFTY50

Axis Direct

Singapore Market Roundup (12-Feb-2026): Citi keeps 'buy' on CLI, sets $3.40 target amid M&A

Citi keeps 'buy' on CLI with $3.40 TP; Lim & Tan rates Reclaims Global as 'buy' at 60c; Maybank raises Thomson Medical's TP due to higher Johor...

Singapore Market Roundup

Budget 2026 grants tax holiday to foreign cloud companies, Indian conglomerates set to control data center capacity, AI sector growth inevitable...

Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...