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>Union Cabinet cleared a INR 37,500 crore viability-gap scheme to accelerate surface coal and lignite gasification, targeting 75MTPA, bringing 25 additional projects alongside four already underway.</li>
<li>India's FY25 import bill for LNG, urea, ammonia, and methanol stood at INR 2.77 lakh crore. Coal gasification at scale could structurally compress this bill worth INR 60,000–90,000 crore annually.</li>
<li>The scheme is structurally positive, but commissioning risk and India's high-ash coal challenge mean execution separates eventual winners. CIL, BHEL, and GAIL stand out as near-term direct beneficiaries .</li>
</ul>


Union Cabinet cleared a INR 37,500 crore viability-gap scheme to accelerate surface coal and lignite gasification, targeting 75MTPA, bringing 25 additional projects alongside four already underway.
India's FY25 import bill for LNG, urea, ammonia, and methanol stood at INR 2.77 lakh crore. Coal gasification at scale could structurally compress this bill worth INR 60,000–90,000 crore annually.
The scheme is structurally positive, but commissioning risk and India's high-ash coal challenge mean execution separates eventual winners. CIL, BHEL, and GAIL stand out as near-term direct beneficiaries .


37,500Cr Coal Gasification Scheme: These Indian Companies Will Benefit

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Equity Bottom-Up

<ul>
<li>Increased demand from power plants under construction outside  G-7 countries</li>
<li>There is constrained supply as with many other fossil fuels</li>
<li>We look at a basket of coal stocks with good balance sheets and increasing production</li>
</ul>


Increased demand from power plants under construction outside  G-7 countries
There is constrained supply as with many other fossil fuels
We look at a basket of coal stocks with good balance sheets and increasing production


Coal Is Back - The Real Inconvenient Truth

APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/meesho-limited" target="_blank" data-smartkarma-citation="entities:35872:1" rel="noopener">Meesho (MEESHO IN)</a> raised about US$600m in its Dec 2025 India IPO. The lockup on a part of stake of its promoters and pre-IPO investors is set to expire soon.</li>
<li>Meesho is an e-commerce marketplace, offering a wide assortment of products ranging from low cost unbranded products, regional and national brands at affordable prices to consumers.</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Meesho (MEESHO IN) raised about US$600m in its Dec 2025 India IPO. The lockup on a part of stake of its promoters and pre-IPO investors is set to expire soon.
Meesho is an e-commerce marketplace, offering a wide assortment of products ranging from low cost unbranded products, regional and national brands at affordable prices to consumers.
In this note, we will talk about the lockup dynamics and possible placement.


Aequitas: Meesho Ltd IPO Lockup Expiry - US$5.7bn Lockup Release with PE Investors Well in The Money

Asia Pac ECM and Index Rebal, DZT Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analysed the earning revision of component stocks of NIFTY in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Bharti Airtel, Oil &amp; Natural Gas, Grasim Industries, State Bank of India, Hindalco Industries, InterGlobe Aviation.</li>
</ul>


We analysed the earning revision of component stocks of NIFTY in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Bharti Airtel, Oil &amp; Natural Gas, Grasim Industries, State Bank of India, Hindalco Industries, InterGlobe Aviation.


NIFTY Index Earning Revision (May): Bharti Airtel, Oil & Natural Gas, Grasim Industries

Global Materials | Industrials | Commodities

Rahul Jain

<ul>
<li>CIL reports 8.5% drop in June output, while private and captive mines post double-digit growth</li>
<li>Unusual monsoon, logistics bottlenecks, and subsidiary underperformance drag PSU volumes</li>
<li>Unless execution improves in Q2 and beyond, outlook on CIL remains cautious amid structural market shifts.</li>
</ul>


CIL reports 8.5% drop in June output, while private and captive mines post double-digit growth
Unusual monsoon, logistics bottlenecks, and subsidiary underperformance drag PSU volumes
Unless execution improves in Q2 and beyond, outlook on CIL remains cautious amid structural market shifts.


India Coal Sector Q1 FY26: Private Miners Surge, CIL Stumbles

India

Coal India Limited produces and markets coal and coal products, as well as provides related consulting services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Coal India Ltd (COAL IN)

37,500Cr Coal Gasification Scheme: These Indian Companies Will Benefit

Union Cabinet approves INR 37,500 crore scheme to boost coal gasification, aiming to reduce India's import bill for LNG, urea, ammonia, and...

Sudarshan Bhandari

Coal Is Back - The Real Inconvenient Truth

Growing demand for coal outside of G-7 countries is putting pressure on already limited supply, leading to opportunities in coal stocks with...

Rikki Malik

Aequitas: Meesho Ltd IPO Lockup Expiry - US$5.7bn Lockup Release with PE Investors Well in The Money

Meesho Ltd raised about US$600m in its India IPO in Dec 2025. The lockup on a part of stake of its promoters and pre-IPO investors is set to expire...

Akshat Shah

NIFTY Index Earning Revision (May): Bharti Airtel, Oil & Natural Gas, Grasim Industries

We analyzed NIFTY's consensus for May 2026 and highlighted changes of EPS in Bharti Airtel, Oil & Natural Gas, Grasim Industries, State Bank of...

Ke Yan, CFA, FRM

India Coal Sector Q1 FY26: Private Miners Surge, CIL Stumbles

CIL's June output drops 8.5% due to monsoon, logistics issues, and underperforming subsidiaries, while private mines see growth. Outlook cautious...

Rahul Jain

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

37,500Cr Coal Gasification Scheme: These Indian Companies Will Benefit

​Union Cabinet approves INR 37,500 crore scheme to boost coal gasification, aiming to reduce India's import bill for LNG, urea, ammonia, and...

Sudarshan Bhandari

Coal Is Back - The Real Inconvenient Truth

​Growing demand for coal outside of G-7 countries is putting pressure on already limited supply, leading to opportunities in coal stocks with...

Rikki Malik

Aequitas: Meesho Ltd IPO Lockup Expiry - US$5.7bn Lockup Release with PE Investors Well in The Money

Meesho Ltd raised about US$600m in its India IPO in Dec 2025. The lockup on a part of stake of its promoters and pre-IPO investors is set to expire...

Akshat Shah

NIFTY Index Earning Revision (May): Bharti Airtel, Oil & Natural Gas, Grasim Industries

We analyzed NIFTY's consensus for May 2026 and highlighted changes of EPS in Bharti Airtel, Oil & Natural Gas, Grasim Industries, State Bank of...

Ke Yan, CFA, FRM

India Coal Sector Q1 FY26: Private Miners Surge, CIL Stumbles

​CIL's June output drops 8.5% due to monsoon, logistics issues, and underperforming subsidiaries, while private mines see growth. Outlook cautious...

Rahul Jain

Union Cabinet approves INR 37,500 crore scheme to boost coal gasification, aiming to reduce India's import bill for LNG, urea, ammonia, and...

Growing demand for coal outside of G-7 countries is putting pressure on already limited supply, leading to opportunities in coal stocks with...

CIL's June output drops 8.5% due to monsoon, logistics issues, and underperforming subsidiaries, while private mines see growth. Outlook cautious...