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/dixon-technologies-india-ltd" target="_blank" data-smartkarma-citation="entities:25486:1" rel="noopener">Dixon Technologies India Ltd (DIXON IN)</a>  plans to invest $3 billion to establish a display fabrication facility in India, aiming to capitalize on government subsidies and enhance its position.</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> Quick Commerce Business, Blinkit is rapidly expanding its dark store network in India's competitive quick-commerce market, leading to short-term losses but aiming for long-term gains.</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>  aims delivering 16 LCA Mk1A jets to the IAF by 2025, a history of delays and a recent unconfirmed report raise questions about the program's timeline.</li>
</ul>



Dixon Technologies India Ltd (DIXON IN)  plans to invest $3 billion to establish a display fabrication facility in India, aiming to capitalize on government subsidies and enhance its position.

Zomato (ZOMATO IN) Quick Commerce Business, Blinkit is rapidly expanding its dark store network in India's competitive quick-commerce market, leading to short-term losses but aiming for long-term gains.

Hindustan Aeronautics (HNAL IN)  aims delivering 16 LCA Mk1A jets to the IAF by 2025, a history of delays and a recent unconfirmed report raise questions about the program's timeline.


#90 India Insight: Dixon's $3 Bn Display Fab, Blinkit Expansion Burns Cash, HAL Delays

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jubilant-foodworks-ltd" target="_blank" data-smartkarma-citation="entities:986:1" rel="noopener">Jubilant Foodworks (JUBI IN)</a>  reports a 56.2% YoY revenue growth in Q3 FY25, driven by strong performance in Domino’s India. The company adds 130 new stores and partners with Coca-Cola.</li>
<li>
<a href="https://www.smartkarma.com/entities/tata-motors-ltd" target="_blank" data-smartkarma-citation="entities:216:1" rel="noopener">Tata Motors Ltd (TTMT IN)</a>  surpassed <a href="https://www.smartkarma.com/entities/maruti-suzuki-india-ltd" target="_blank" data-smartkarma-citation="entities:733:1" rel="noopener">Maruti Suzuki India (MSIL IN)</a>  in 2024 car sales, driven by the success of its compact SUV, the Tata Punch</li>
<li>Tata Sons has redefined its financing strategy by directing group companies, newer ventures like Tata Digital and Air India, to independently manage debt, relying on equity investments and internal accruals.</li>
</ul>



Jubilant Foodworks (JUBI IN)  reports a 56.2% YoY revenue growth in Q3 FY25, driven by strong performance in Domino’s India. The company adds 130 new stores and partners with Coca-Cola.

Tata Motors Ltd (TTMT IN)  surpassed Maruti Suzuki India (MSIL IN)  in 2024 car sales, driven by the success of its compact SUV, the Tata Punch
Tata Sons has redefined its financing strategy by directing group companies, newer ventures like Tata Digital and Air India, to independently manage debt, relying on equity investments and internal accruals.


#81 India Insight: Jubilant Hits Record Revenue, Tata Sons Shifts Debt Management, Aero India 2025

<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

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

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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>After a meteoric rise of benchmark indices in FY24, the bull run continues unabated in FY25, notwithstanding general election-led market volatilities</li><li>So far in FY25, the benchmark indices Nifty 50, Nifty midcap 100 and Nifty Small cap 100 have delivered remarkable returns of 9%, 18% and 23% respectively</li><li>These performances follow massive returns of 29%,60% and 70% respectively generated by these indices in FY24</li></ul><p><em>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.</em></p>

After a meteoric rise of benchmark indices in FY24, the bull run continues unabated in FY25, notwithstanding general election-led market volatilitiesSo far in FY25, the benchmark indices Nifty 50, Nifty midcap 100 and Nifty Small cap 100 have delivered remarkable returns of 9%, 18% and 23% respectivelyThese performances follow massive returns of 29%,60% and 70% respectively generated by these indices in FY24Content 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.

Earnings Vs Multiples: PE re-rating far outweighs earning upgrades

<ul>
<li>What will be implication in case of weaker Modi &amp; BJP mandate?</li>
<li>Public Sector and State-Owned Bank Shares Plunge whole day after poor BJP tally during counting.</li>
<li>Improvement in <a href="https://www.smartkarma.com/entities/tata-steel-ltd" target="_blank" data-smartkarma-citation="entities:20934:1" rel="noopener">Tata Steel Ltd (TATA IN)</a>'s credit profile by FY25 and Higher RoCE for <a href="https://www.smartkarma.com/entities/bharti-airtel-ltd" target="_blank" data-smartkarma-citation="entities:953:1" rel="noopener">Bharti Airtel (BHARTI IN)</a> and <a href="https://www.smartkarma.com/entities/reliance-industries-ltd" target="_blank" data-smartkarma-citation="entities:198:1" rel="noopener">Reliance Industries (RIL IN)</a> </li>
</ul>


What will be implication in case of weaker Modi &amp; BJP mandate?
Public Sector and State-Owned Bank Shares Plunge whole day after poor BJP tally during counting.
Improvement in Tata Steel Ltd (TATA IN)'s credit profile by FY25 and Higher RoCE for Bharti Airtel (BHARTI IN) and Reliance Industries (RIL IN) 


#7 India Insights: Weaker Modi Mandate, Plunging PSUs, Tata Steel Credit Profile, Reliance, Airtel

India

Hindustan Aeronautics Limited (HAL) is an Indian state-owned aerospace and defense company that designs, develops, manufactures, and maintains combat aircraft, helicopters, unmanned aerial vehicles, jet and turbine engines, avionics, and other hardware. The company also supplies aircraft, helicopters, and communications equipment for military and civil markets and provides related repair and support services. Headquartered in Bengaluru, India, HAL was established on December 23, 1940.

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Hindustan Aeronautics (HNAL IN)

#90 India Insight: Dixon's $3 Bn Display Fab, Blinkit Expansion Burns Cash, HAL Delays

Dixon Technologies to invest $3 billion in display facility, Zomato's Blinkit expanding dark store network, HAL aims to deliver 16 LCA jets by...

Sudarshan Bhandari

#81 India Insight: Jubilant Hits Record Revenue, Tata Sons Shifts Debt Management, Aero India 2025

Jubilant Foodworks sees strong revenue growth in Q3 FY25, Tata Motors surpasses Maruti Suzuki in car sales, Tata Sons redefines financing strategy.

Sudarshan Bhandari

#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

Earnings Vs Multiples: PE re-rating far outweighs earning upgrades

After a meteoric rise of benchmark indices in FY24, the bull run continues unabated in FY25, notwithstanding general election-led market volatilities

HDFC Securities

#7 India Insights: Weaker Modi Mandate, Plunging PSUs, Tata Steel Credit Profile, Reliance, Airtel

Weaker Modi & BJP mandate leads to plunge in PSUs and state-owned bank shares, while Tata Steel, Bharti Airtel, and Reliance Industries see credit...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

#90 India Insight: Dixon's $3 Bn Display Fab, Blinkit Expansion Burns Cash, HAL Delays

​Dixon Technologies to invest $3 billion in display facility, Zomato's Blinkit expanding dark store network, HAL aims to deliver 16 LCA jets by...

Sudarshan Bhandari

#81 India Insight: Jubilant Hits Record Revenue, Tata Sons Shifts Debt Management, Aero India 2025

​Jubilant Foodworks sees strong revenue growth in Q3 FY25, Tata Motors surpasses Maruti Suzuki in car sales, Tata Sons redefines financing strategy.

Sudarshan Bhandari

#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

Earnings Vs Multiples: PE re-rating far outweighs earning upgrades

After a meteoric rise of benchmark indices in FY24, the bull run continues unabated in FY25, notwithstanding general election-led market volatilities

HDFC Securities

#7 India Insights: Weaker Modi Mandate, Plunging PSUs, Tata Steel Credit Profile, Reliance, Airtel

​Weaker Modi & BJP mandate leads to plunge in PSUs and state-owned bank shares, while Tata Steel, Bharti Airtel, and Reliance Industries see credit...

Sudarshan Bhandari

Dixon Technologies to invest $3 billion in display facility, Zomato's Blinkit expanding dark store network, HAL aims to deliver 16 LCA jets by...

Jubilant Foodworks sees strong revenue growth in Q3 FY25, Tata Motors surpasses Maruti Suzuki in car sales, Tata Sons redefines financing strategy.

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

Weaker Modi & BJP mandate leads to plunge in PSUs and state-owned bank shares, while Tata Steel, Bharti Airtel, and Reliance Industries see credit...