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>Nvidia and Reliance Partner to Build AI Infrastructure in India</li>
<li>NMDC Raises Iron Ore Prices by Over 18% Since August</li>
<li>GMR Group Raises INR 6,300 Crore from ADIA for Debt Refinancing</li>
</ul>


Nvidia and Reliance Partner to Build AI Infrastructure in India
NMDC Raises Iron Ore Prices by Over 18% Since August
GMR Group Raises INR 6,300 Crore from ADIA for Debt Refinancing


# 68 India Insight: Nvidia & Reliance Partnership, NMDC Price Raise, GMR INR 6,300 Crore from ADIA

Global TMT Analyst, Ex-PM, 30 years experience

Neil Campling

<ul>
<li>China M1 and M2 data disappoints and reinforces deflationary risks. Closely watched Consumer Sentiment barometer, new &amp; used prices in top 70 cities, unequivocally weak</li>
<li>. Rise in the dynamic of US auto delinquencies is cause for concern</li>
<li>Corporate caution at investor conferences from <a href="https://www.smartkarma.com/entities/coca-cola-co-the" target="_blank" data-smartkarma-citation="entities:979:1" rel="noopener">Coca Cola Co (KO US)</a> , <a href="https://www.smartkarma.com/entities/visa-inc-class-a-shares" target="_blank" data-smartkarma-citation="entities:8707:1" rel="noopener">Visa (V US), </a><a href="https://www.smartkarma.com/entities/mondelez-international-inc" target="_blank" data-smartkarma-citation="entities:8111:1" rel="noopener">Mondelez International (MDLZ US)</a>, <a href="https://www.smartkarma.com/entities/wendy-s-co-the" target="_blank" data-smartkarma-citation="entities:2950:1" rel="noopener">Wendy's Co/The (WEN US), </a><a href="https://www.smartkarma.com/entities/dow-inc" target="_blank" data-smartkarma-citation="entities:19107:1" rel="noopener">Dow (DOW US)</a>, 3M and Campari</li>
</ul>


China M1 and M2 data disappoints and reinforces deflationary risks. Closely watched Consumer Sentiment barometer, new &amp; used prices in top 70 cities, unequivocally weak
. Rise in the dynamic of US auto delinquencies is cause for concern
Corporate caution at investor conferences from Coca Cola Co (KO US) , Visa (V US), Mondelez International (MDLZ US), Wendy's Co/The (WEN US), Dow (DOW US), 3M and Campari


Consumer Weekly. China Macro, US Auto Data, Visa, Coca-Cola, Wendy's, Mondelez, Campari, Ally

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

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 Bottom-Up

<ul>
<li>Total revenue grew by 16% YoY and tea revenue grow by 30% in 1H26.</li>
<li>The gross margin is about 61%, only next to Coca-Cola.</li>
<li>We believe the stock has an upside of 28% for the year end 2027.</li>
</ul>


Total revenue grew by 16% YoY and tea revenue grow by 30% in 1H26.
The gross margin is about 61%, only next to Coca-Cola.
We believe the stock has an upside of 28% for the year end 2027.


Nongfu Spring (9633 HK): Tea Up by 30% in 1H26

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

Consumer Staples Select Sector SPDR Fund / Technical Analysis

Consumer Staples Select Sector SPDR Fund (XLP US)

<ul>
<li>Since late November we have been discussing our expectations for a pullback, while recommending shifting exposure to defensives (Staples, Utilities, Health Care) and/or taking profits.</li>
<li>The pullback is finally happening following breaks below 3910 support on the S&amp;P 500, $177.50 support on the Russell 2000 (IWM), and $279 support on the Nasdaq 100 (QQQ). </li>
<li>These levels are now resistance, while major resistance remains at 200-dayMAs/YTD downtrends. Stick with defensives/cash as we believe a test of the YTD lows on the aforementioned indexes is likely.</li>
</ul>


Since late November we have been discussing our expectations for a pullback, while recommending shifting exposure to defensives (Staples, Utilities, Health Care) and/or taking profits.
The pullback is finally happening following breaks below 3910 support on the S&amp;P 500, $177.50 support on the Russell 2000 (IWM), and $279 support on the Nasdaq 100 (QQQ). 
These levels are now resistance, while major resistance remains at 200-dayMAs/YTD downtrends. Stick with defensives/cash as we believe a test of the YTD lows on the aforementioned indexes is likely.


Upgrading Staples and Health Care to Overweight; Stay Defensive, Expecting Test of YTD Lows on SPX

<ul>
<li>Charts have not changed much from the prior week, with there actually being some deterioration within banks (KRE, KBE). </li>
<li>The $SPX has been unable to sustain a breakout above its 200-day MA/YTD downtrend, the $IWM remains below $190 resistance, and the DJIA could not sustain a breakout above 34,280</li>
<li>As long as these indexes are below these levels, we continue to see this as a good time to shift to more defensive areas and/or take profits.</li>
</ul>


Charts have not changed much from the prior week, with there actually being some deterioration within banks (KRE, KBE). 
The $SPX has been unable to sustain a breakout above its 200-day MA/YTD downtrend, the $IWM remains below $190 resistance, and the DJIA could not sustain a breakout above 34,280
As long as these indexes are below these levels, we continue to see this as a good time to shift to more defensive areas and/or take profits.


Failed Breakouts, Banks Crumbling -- Get Defensive; Buy Ideas Within Consumer Staples

United States

The Coca-Cola Company manufactures, markets, and distributes soft drink concentrates and syrups.  The Company also distributes and markets juice and juice-drink products.  Coca-Cola distributes its products to retailers and wholesalers in the United States and internationally.

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Coca Cola Co (KO US)

# 68 India Insight: Nvidia & Reliance Partnership, NMDC Price Raise, GMR INR 6,300 Crore from ADIA

Nvidia and Reliance collaborate on AI infrastructure in India, NMDC hikes iron ore prices by 18%, GMR Group secures INR 6,300 crore from ADIA for...

Sudarshan Bhandari

Consumer Weekly. China Macro, US Auto Data, Visa, Coca-Cola, Wendy's, Mondelez, Campari, Ally

China's weak M1 and M2 data signals deflationary risks, while US auto delinquencies and corporate caution at investor conferences raise concerns.

Neil Campling

Nongfu Spring (9633 HK): Tea Up by 30% in 1H26

Total revenue grew by 16% YoY and tea revenue grow by 30% in 1H26. The gross margin is about 61%, only next to Coca-Cola. We believe the stock has...

Ming Lu

Upgrading Staples and Health Care to Overweight; Stay Defensive, Expecting Test of YTD Lows on SPX

Since late November we have discussed our expectations for a pullback, recommending shifting exposure to defensives $XLP $XLV $XLU and/or taking...

Vermilion Research

Failed Breakouts, Banks Crumbling -- Get Defensive; Buy Ideas Within Consumer Staples

$SPX unable to sustain a breakout above 200-day MA/YTD downtrend, $IWM remains below $190 resistance, $DJI could not sustain a breakout above...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

# 68 India Insight: Nvidia & Reliance Partnership, NMDC Price Raise, GMR INR 6,300 Crore from ADIA

​Nvidia and Reliance collaborate on AI infrastructure in India, NMDC hikes iron ore prices by 18%, GMR Group secures INR 6,300 crore from ADIA for...

Sudarshan Bhandari

Consumer Weekly. China Macro, US Auto Data, Visa, Coca-Cola, Wendy's, Mondelez, Campari, Ally

​China's weak M1 and M2 data signals deflationary risks, while US auto delinquencies and corporate caution at investor conferences raise concerns.

Neil Campling

Nongfu Spring (9633 HK): Tea Up by 30% in 1H26

Total revenue grew by 16% YoY and tea revenue grow by 30% in 1H26. The gross margin is about 61%, only next to Coca-Cola. We believe the stock has...

Ming Lu

Upgrading Staples and Health Care to Overweight; Stay Defensive, Expecting Test of YTD Lows on SPX

Since late November we have discussed our expectations for a pullback, recommending shifting exposure to defensives $XLP $XLV $XLU and/or taking...

Vermilion Research

Failed Breakouts, Banks Crumbling -- Get Defensive; Buy Ideas Within Consumer Staples

$SPX unable to sustain a breakout above 200-day MA/YTD downtrend, $IWM remains below $190 resistance, $DJI could not sustain a breakout above...

Vermilion Research

Nvidia and Reliance collaborate on AI infrastructure in India, NMDC hikes iron ore prices by 18%, GMR Group secures INR 6,300 crore from ADIA for...

China's weak M1 and M2 data signals deflationary risks, while US auto delinquencies and corporate caution at investor conferences raise concerns.