Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

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 Bottom-Up

<ul>
<li>After a difficult Q1 FY27, Hyundai delivered 219,072 wholesale units in July–September 2026, up 23.0% sequentially, including a company-record 77,916 units in September.</li>
<li>The rebound reflects normalized production and healthier domestic momentum after supplier fire caused a loss of approximately 13,900 units of June production. Nevertheless, Q2 sales disclosures establish volumes, not profitability.</li>
<li>Short-Term execution risk has diminished, but investment conviction depends on margins recovering toward FY27 guidance and on tangible delivery against the company's FY2030 SUV, alternative-powertrain, localisation and revenue targets.</li>
</ul>


After a difficult Q1 FY27, Hyundai delivered 219,072 wholesale units in July–September 2026, up 23.0% sequentially, including a company-record 77,916 units in September.
The rebound reflects normalized production and healthier domestic momentum after supplier fire caused a loss of approximately 13,900 units of June production. Nevertheless, Q2 sales disclosures establish volumes, not profitability.
Short-Term execution risk has diminished, but investment conviction depends on margins recovering toward FY27 guidance and on tangible delivery against the company's FY2030 SUV, alternative-powertrain, localisation and revenue targets.


Hyundai Motor India: From a Disrupted Q1 to Record Q2 Volumes — Can the 2030 Roadmap Rebuild Growth?

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jio-platforms-ltd" target="_blank" data-smartkarma-citation="entities:50269:1" rel="noopener">Jio Platforms</a> is looking to list later this month by selling 270m shares at up to INR 1119/share, raising INR 302bn (US$3.1bn) and valuing the company at INR 10,305bn (US$106.5bn).</li>
<li>The small float (2.93% of shares out) will result in the stock missing Fast Entry to global indices. The pre-IPO lock-up expiry in April could result in global index inclusion.</li>
<li>
<a href="https://www.smartkarma.com/entities/jio-platforms-ltd" target="_blank" data-smartkarma-citation="entities:50269:1" rel="noopener">Jio Platforms Ltd (1797135D IN)</a> will be added to some local indices in March, though inclusion in the headline indices will need to wait till at least June.</li>
</ul>



Jio Platforms is looking to list later this month by selling 270m shares at up to INR 1119/share, raising INR 302bn (US$3.1bn) and valuing the company at INR 10,305bn (US$106.5bn).
The small float (2.93% of shares out) will result in the stock missing Fast Entry to global indices. The pre-IPO lock-up expiry in April could result in global index inclusion.

Jio Platforms Ltd (1797135D IN) will be added to some local indices in March, though inclusion in the headline indices will need to wait till at least June.


Jio Platforms IPO: Index Entry Timeline & Flow for India's (Possibly) Largest IPO

Thematic (Sector/Industry)

<ul>
<li>India’s top five auto OEMs- Maruti Suzuki, Hyundai, Tata Motors, M&amp;M, and Hero MotoCorp, plan to invest nearly INR 40,000 crore in FY27, marking a record capex push.</li>
<li>This capex cycle is not just about adding capacity. It also focuses on EVs, software-led vehicles, premium models, and changing customer preferences.</li>
<li>The Capex wave looks structural, not cyclical. However, investors should track commodity risks, demand trends, valuations, and the larger opportunity in auto ancillary companies.</li>
</ul>


India’s top five auto OEMs- Maruti Suzuki, Hyundai, Tata Motors, M&amp;M, and Hero MotoCorp, plan to invest nearly INR 40,000 crore in FY27, marking a record capex push.
This capex cycle is not just about adding capacity. It also focuses on EVs, software-led vehicles, premium models, and changing customer preferences.
The Capex wave looks structural, not cyclical. However, investors should track commodity risks, demand trends, valuations, and the larger opportunity in auto ancillary companies.


Thematic Report- India Auto: The Great Capex Reset

<ul>
<li>India's $15.2 billion trade deficit with South Korea, triple the 2010 level  is now a formal negotiating flashpoint as CEPA renegotiations restart following PM Modi's April 2026 summit with President.</li>
<li>Korean chaebols executed a legally clean but strategically aggressive playbook: zero-duty imports, record pre-IPO dividends, royalty hikes, and all-OFS listings. India's capital markets funded Seoul's balance sheet.</li>
<li>CEPA 2.0 demands are substantive: local content mandates, services reciprocity, pharma access but translating them into a binding deal before 2026-27 target date requires Govt to match Korean negotiating precision.</li>
</ul>


India's $15.2 billion trade deficit with South Korea, triple the 2010 level  is now a formal negotiating flashpoint as CEPA renegotiations restart following PM Modi's April 2026 summit with President.
Korean chaebols executed a legally clean but strategically aggressive playbook: zero-duty imports, record pre-IPO dividends, royalty hikes, and all-OFS listings. India's capital markets funded Seoul's balance sheet.
CEPA 2.0 demands are substantive: local content mandates, services reciprocity, pharma access but translating them into a binding deal before 2026-27 target date requires Govt to match Korean negotiating precision.


How Korea Turned a Trade Deal Into a Cash Extraction Machine?

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>India's FY26 retail auto sales hit an all-time high of 2.967 crore units, up 13% YoY, posting record volumes driven by a GST 2.0 inflection and rural demand.</li>
<li>Domestic OEMs Tata Motors and Mahindra collectively expanded passenger vehicle market share by nearly 900 basis points between FY22 and FY26.</li>
<li>The market share swing is structural, not cyclical: India's origin share has risen from 51.6% to 48.6% (note: China's share halved, Japan declined 3 points), yet Indian-brand  have surged.</li>
</ul>


India's FY26 retail auto sales hit an all-time high of 2.967 crore units, up 13% YoY, posting record volumes driven by a GST 2.0 inflection and rural demand.
Domestic OEMs Tata Motors and Mahindra collectively expanded passenger vehicle market share by nearly 900 basis points between FY22 and FY26.
The market share swing is structural, not cyclical: India's origin share has risen from 51.6% to 48.6% (note: China's share halved, Japan declined 3 points), yet Indian-brand  have surged.


India Auto FY26: Record Retail Masks a Seismic Shift in the Competitive Order

India

Hyundai Motor India Limited (HMIL) is the Indian subsidiary of the South Korean automobile manufacturer Hyundai Motor Company. It manufactures and sells a wide range of four-wheeler passenger vehicles, including sedans, hatchbacks, sports-utility vehicles (SUVs), and electric vehicles (EVs), along with related parts such as transmissions and engines. The company also provides after-sales activities and engineering services. Hyundai Motor India was founded on May 6, 1996, and is headquartered in Gurugram, Haryana, India, with a registered office in Kancheepuram, Tamil Nadu, India.

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Hyundai Motor India (HYUNDAI IN)

Hyundai Motor India: From a Disrupted Q1 to Record Q2 Volumes — Can the 2030 Roadmap Rebuild Growth?

Hyundai: Whether SUV-led product renewal, multi-fuel diversification and technology integration can turn that recovery into durable earnings growth?

Nimish Maheshwari

Jio Platforms IPO: Index Entry Timeline & Flow for India's (Possibly) Largest IPO

Jio Platforms is looking to list in Oct after raising US$3.1bn at a valuation of US$106.5bn. No index Fast Entry given the low float. Passive...

Brian Freitas

Thematic Report- India Auto: The Great Capex Reset

India's top auto OEMs set to invest INR 40,000 crore in FY27, focusing on EVs, software-led vehicles, and premium models. Investors should monitor...

Nimish Maheshwari

How Korea Turned a Trade Deal Into a Cash Extraction Machine?

India's $15.2 billion trade deficit with South Korea is a major concern as CEPA renegotiations begin, with demands for local content mandates and...

Nimish Maheshwari

India Auto FY26: Record Retail Masks a Seismic Shift in the Competitive Order

India's auto sales reach record high in FY26, driven by GST 2.0 and rural demand, with Tata Motors and Mahindra gaining market share.

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Hyundai Motor India: From a Disrupted Q1 to Record Q2 Volumes — Can the 2030 Roadmap Rebuild Growth?

Hyundai: Whether SUV-led product renewal, multi-fuel diversification and technology integration can turn that recovery into durable earnings growth?

Nimish Maheshwari

Jio Platforms IPO: Index Entry Timeline & Flow for India's (Possibly) Largest IPO

Jio Platforms is looking to list in Oct after raising US$3.1bn at a valuation of US$106.5bn. No index Fast Entry given the low float. Passive...

Brian Freitas

Thematic Report- India Auto: The Great Capex Reset

​India's top auto OEMs set to invest INR 40,000 crore in FY27, focusing on EVs, software-led vehicles, and premium models. Investors should monitor...

Nimish Maheshwari

How Korea Turned a Trade Deal Into a Cash Extraction Machine?

​India's $15.2 billion trade deficit with South Korea is a major concern as CEPA renegotiations begin, with demands for local content mandates and...

Nimish Maheshwari

India Auto FY26: Record Retail Masks a Seismic Shift in the Competitive Order

​India's auto sales reach record high in FY26, driven by GST 2.0 and rural demand, with Tata Motors and Mahindra gaining market share.

Sudarshan Bhandari

India's top auto OEMs set to invest INR 40,000 crore in FY27, focusing on EVs, software-led vehicles, and premium models. Investors should monitor...

India's $15.2 billion trade deficit with South Korea is a major concern as CEPA renegotiations begin, with demands for local content mandates and...

India's auto sales reach record high in FY26, driven by GST 2.0 and rural demand, with Tata Motors and Mahindra gaining market share.