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>Adani Ports to Invest INR 3,500 Crore in Madhya Pradesh Projects</li>
<li>Wipro's Strategic AI Partnerships in US Healthcare: Strong FY25 Forecast</li>
<li>Dixon Technologies to Partner with China’s HKC for Display Module Manufacturing</li>
</ul>


Adani Ports to Invest INR 3,500 Crore in Madhya Pradesh Projects
Wipro's Strategic AI Partnerships in US Healthcare: Strong FY25 Forecast
Dixon Technologies to Partner with China’s HKC for Display Module Manufacturing


# 52 India Insight: Reliance AGM, Wipro AI Partnership, Adani Ports INR 3,500 Crores Investment

<ul>
<li>JSW Cement bids for CK Birla’s stake in Orient Cement, reflecting ongoing industry consolidation.</li>
<li>Dixon plans new Chennai plant for laptop production, expanding IT manufacturing capabilities.</li>
<li>IndiaMART shares fall after weak subscriber growth, despite strong profit and revenue increase.</li>
</ul>


JSW Cement bids for CK Birla’s stake in Orient Cement, reflecting ongoing industry consolidation.
Dixon plans new Chennai plant for laptop production, expanding IT manufacturing capabilities.
IndiaMART shares fall after weak subscriber growth, despite strong profit and revenue increase.


# 39 India Insight: JSW Cement Bid Orient Cement, Dixon New Plant, IndiaMart Weak Subscriber Growth

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton 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 MS-India 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 Hindalco Industries, Adani Enterprises, Grasim Industries, Reliance Industries, Axis Bank, ICICI Bank, HDFC Bank, Tata Motors Passenger Vehicles.</li>
</ul>


We analysed the earning revision of component stocks of MS-India 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 Hindalco Industries, Adani Enterprises, Grasim Industries, Reliance Industries, Axis Bank, ICICI Bank, HDFC Bank, Tata Motors Passenger Vehicles.


MS-India Index Earning Revision (Aug): Hindalco Industries, Adani Enterprises, Grasim Industries

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

Dr Agarwal's Health Care Ltd / Equity Capital Markets

Dr Agarwal's Health Care Ltd (8140044Z IN)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dr-agarwal-s-health-care-ltd" target="_blank" data-smartkarma-citation="entities:43984:1" rel="noopener">Dr Agarwal's Health Care Ltd (8140044Z IN)</a> raised around US$350m in its India IPO in Jan 2025. The lockup on its pre-IPO investors is set to expire soon.</li>
<li>Dr Agarwal’s Health Care is a healthcare/hospital chain in India providing eyecare services, including surgeries; consultations, diagnoses, non-surgical treatments; and sells opticals, contact lens, accessories and eyecare related pharmaceutical products.</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Dr Agarwal's Health Care Ltd (8140044Z IN) raised around US$350m in its India IPO in Jan 2025. The lockup on its pre-IPO investors is set to expire soon.
Dr Agarwal’s Health Care is a healthcare/hospital chain in India providing eyecare services, including surgeries; consultations, diagnoses, non-surgical treatments; and sells opticals, contact lens, accessories and eyecare related pharmaceutical products.
In this note, we will talk about the lockup dynamics and possible placement.


Dr Agarwal’s Health Care IPO Lockup - US$725m Lockup Release; PE Investors May Look to Cash Out

Mid-Small Cap specialist | Equities | India, Nurture Capital Advisory

Nurture Capital Advisory

Mid-Small Cap specialist | Equities | India

Buyside Outfit and Advisory Services

We are a Buyside outfit and also offer Advisory services. Most notes published here are written for our consumption. These notes offer readers a perspective of our approach to scanning sectors and distilling ideas to constructing a bottom-up Equity portfolio. Combining top down and bottom-up approaches to identifying themes/ value stocks at inflexion Sector agnostic | Value oriented - Inflexion approach | Bottom-Up Ideas Biased towards Sustainability, ESG Team is Wall Street Journal, ET Now - Star mine Lipper, Asia money rated.

<ul>
<li>EMS – offers a four-fold opportunity over the medium term</li>
<li>Know the risks and challenges to attaining this strong growth</li>
<li>Read this note for opportunity, risks, incumbent positioning and valuations</li>
</ul>


EMS – offers a four-fold opportunity over the medium term
Know the risks and challenges to attaining this strong growth
Read this note for opportunity, risks, incumbent positioning and valuations


India Electronic Manufacturing Services - Growth, Risks and Valuations

India

Dixon Technologies (India) Ltd. is a major Indian electronics manufacturing services (EMS) provider. It specializes in manufacturing consumer electronics, home appliances, lighting products, and mobile phones, operating as both an Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM). The company is headquartered in Noida, Uttar Pradesh, India, and was founded in 1993.

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Dixon Technologies (DIXON IN)

# 52 India Insight: Reliance AGM, Wipro AI Partnership, Adani Ports INR 3,500 Crores Investment

Adani Ports investing in Madhya Pradesh, Wipro's AI partnerships in US healthcare drive strong forecast, Dixon Technologies partnering with HKC...

Sudarshan Bhandari

# 39 India Insight: JSW Cement Bid Orient Cement, Dixon New Plant, IndiaMart Weak Subscriber Growth

JSW Cement bids for Orient Cement, Dixon expands IT manufacturing in Chennai, IndiaMART shares drop despite profit growth. Industry consolidation...

Sudarshan Bhandari

MS-India Index Earning Revision (Aug): Hindalco Industries, Adani Enterprises, Grasim Industries

We analyzed MS-India's consensus for Aug 2026 and highlighted changes of EPS in Hindalco Industries (HNDL IN), Adani Enterprises (ADE/S IN), Grasim...

Ke Yan, CFA, FRM

Dr Agarwal’s Health Care IPO Lockup - US$725m Lockup Release; PE Investors May Look to Cash Out

TPG and Temasek are selling part of their stakes , around 11% of Dr Agarwal Health Care's existing share capital, to raise around US$183m, at a...

Akshat Shah

India Electronic Manufacturing Services - Growth, Risks and Valuations

India EMS - opportunity, risks, valuations - strong earnings growth phase can't be built into perpetuity, valuations, therefore should be based on...

Nurture Capital Advisory

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

# 52 India Insight: Reliance AGM, Wipro AI Partnership, Adani Ports INR 3,500 Crores Investment

​Adani Ports investing in Madhya Pradesh, Wipro's AI partnerships in US healthcare drive strong forecast, Dixon Technologies partnering with HKC...

Sudarshan Bhandari

# 39 India Insight: JSW Cement Bid Orient Cement, Dixon New Plant, IndiaMart Weak Subscriber Growth

​JSW Cement bids for Orient Cement, Dixon expands IT manufacturing in Chennai, IndiaMART shares drop despite profit growth. Industry consolidation...

Sudarshan Bhandari

MS-India Index Earning Revision (Aug): Hindalco Industries, Adani Enterprises, Grasim Industries

We analyzed MS-India's consensus for Aug 2026 and highlighted changes of EPS in Hindalco Industries (HNDL IN), Adani Enterprises (ADE/S IN), Grasim...

Ke Yan, CFA, FRM

Dr Agarwal’s Health Care IPO Lockup - US$725m Lockup Release; PE Investors May Look to Cash Out

TPG and Temasek are selling part of their stakes , around 11% of Dr Agarwal Health Care's existing share capital, to raise around US$183m, at a...

Akshat Shah

India Electronic Manufacturing Services - Growth, Risks and Valuations

India EMS - opportunity, risks, valuations - strong earnings growth phase can't be built into perpetuity, valuations, therefore should be based on...

Nurture Capital Advisory

Adani Ports investing in Madhya Pradesh, Wipro's AI partnerships in US healthcare drive strong forecast, Dixon Technologies partnering with HKC...

JSW Cement bids for Orient Cement, Dixon expands IT manufacturing in Chennai, IndiaMART shares drop despite profit growth. Industry consolidation...