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

Forensic Accounting

Hyundai Motor India  / Forensic Accounting

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hyundai-motor-india-ltd" target="_blank" data-smartkarma-citation="entities:40900:1" rel="noopener">Hyundai Motor India (HYUNDAI IN)</a> has proposed seven related-party transactions worth over INR 31,500 crore, just months after its record-breaking IPO.</li>
<li>Proxy advisors are sharply divided, with concerns around valuation, transparency, and fairness, raising governance red flags for a newly listed company.</li>
<li>Despite likely approval due to promoter holding, investor trust hinges on how Hyundai communicates and ensures accountability post-IPO.</li>
</ul>



Hyundai Motor India (HYUNDAI IN) has proposed seven related-party transactions worth over INR 31,500 crore, just months after its record-breaking IPO.
Proxy advisors are sharply divided, with concerns around valuation, transparency, and fairness, raising governance red flags for a newly listed company.
Despite likely approval due to promoter holding, investor trust hinges on how Hyundai communicates and ensures accountability post-IPO.


Hyundai India’s ₹31,500 Cr Related-Party Deal Sparks Governance Debate

Equity Analyst - Asia Consumer Sector, Investory

Devi Subhakesan

Equity Analyst - Asia Consumer Sector

ASIA CONSUMER: INSIGHTS AND INVESTMENT IDEAS

Investory

Investory is a Singapore-based boutique independent equity research firm founded in January 2017 with a primary focus on consumption themes across Asia-Pacific.

We aim to generate investible ideas based on consumption trends and outlook. We screen our ideas on several parameters - product potential, long-term growth and management commitment being the most critical.  We follow a fundamental analysis approach in our stock selection process and are not restricted by market cap.

We aspire to grow into a leading source of unbiased research, free of conflict of interest, for investors yearning for independent and disciplined analysis. 

We also undertake bespoke research mandates to support our Institutional clients’ investment needs.

Our team comprises of professionals with extensive experience in the Asian equity markets, in areas ranging from research, servicing institutional clients and investment management.

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hyundai-motor-india-ltd" target="_blank" data-smartkarma-citation="entities:40900:1" rel="noopener">Hyundai Motor India</a> was added to MSCI Global Standard Index. The changes will take effect at the close of February 28, with an effective date of March 3, 2025</li>
<li>Despite being India's second-largest passenger vehicle brand with over 13% market share, Hyundai Motor India Ltd (HMIL) faces stiff competition and sluggish industry growth.</li>
<li>In 2025, HMIL has potential to drive sales and market share gains by capitalising on the high-growth EV and CNG segments with model launches; exports recovery too will be critical.</li>
</ul>



Hyundai Motor India was added to MSCI Global Standard Index. The changes will take effect at the close of February 28, with an effective date of March 3, 2025
Despite being India's second-largest passenger vehicle brand with over 13% market share, Hyundai Motor India Ltd (HMIL) faces stiff competition and sluggish industry growth.
In 2025, HMIL has potential to drive sales and market share gains by capitalising on the high-growth EV and CNG segments with model launches; exports recovery too will be critical.


Hyundai Motor India: MSCI Index Inclusion. Is It Enough to Fast-Track HMIL?

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hyundai-motor-india-ltd" target="_blank" data-smartkarma-citation="entities:40900:1" rel="noopener">Hyundai Motor India (HYUNDAI IN)</a> has been added to the MSCI Emerging Markets Index and MSCI India Domestic Index, while <a href="https://www.smartkarma.com/entities/adani-green-energy-ltd" target="_blank" data-smartkarma-citation="entities:29012:1" rel="noopener">Adani Green Energy (ADANIGR IN)</a>  has been removed. </li>
<li>Indian government is testing the IndiaAI Datasets Platform, a central repository under the IndiaAI Mission, to offer curated public and private datasets for AI model training. </li>
<li>
<a href="https://www.smartkarma.com/entities/vedanta-resources-ltd" target="_blank" data-smartkarma-citation="entities:22202:1" rel="noopener">Vedanta Resources (VED LN)</a>  is exploring various funding options for its Konkola Copper Mines in Zambia, engaging potential partners for short-term funds and long-term equity financing.</li>
</ul>



Hyundai Motor India (HYUNDAI IN) has been added to the MSCI Emerging Markets Index and MSCI India Domestic Index, while Adani Green Energy (ADANIGR IN)  has been removed. 
Indian government is testing the IndiaAI Datasets Platform, a central repository under the IndiaAI Mission, to offer curated public and private datasets for AI model training. 

Vedanta Resources (VED LN)  is exploring various funding options for its Konkola Copper Mines in Zambia, engaging potential partners for short-term funds and long-term equity financing.


#101 India Insight: Hyundai Added to MSCI Index, Adani Green Removed, Vedanta Explores Zambia Funds

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

Index Rebalance

<ul>
<li>With the review period now complete, there could be 7 changes (including 2 migrations) for the <a href="https://www.smartkarma.com/entities/nse-nifty-next-50-index" target="_blank" data-smartkarma-citation="entities:36053:1" rel="noopener">NSE Nifty Next 50 Index (NIFTYJR INDEX)</a> in March.</li>
<li>
<a href="https://www.smartkarma.com/entities/bajaj-housing-finance" target="_blank" data-smartkarma-citation="entities:43675:1" rel="noopener">Bajaj Housing Finance (BHF IN)</a> and <a href="https://www.smartkarma.com/entities/swiggy-limited" target="_blank" data-smartkarma-citation="entities:35630:1" rel="noopener">Swiggy (SWIGGY IN)</a> are a hair's breadth apart on market cap and only one of them could be added to the index.</li>
<li>With quantitative criteria now being used to add stocks to the F&amp;O segment, it is possible there is no change to the index methodology to limit inclusion to F&amp;O members.</li>
</ul>


With the review period now complete, there could be 7 changes (including 2 migrations) for the NSE Nifty Next 50 Index (NIFTYJR INDEX) in March.

Bajaj Housing Finance (BHF IN) and Swiggy (SWIGGY IN) are a hair's breadth apart on market cap and only one of them could be added to the index.
With quantitative criteria now being used to add stocks to the F&amp;O segment, it is possible there is no change to the index methodology to limit inclusion to F&amp;O members.


NIFTY NEXT50 Index Rebalance Preview: Final List of Potential Changes in March

Event-Driven

<ul>
<li>The lock-up on the second half of the anchor investor allocation for <a href="https://www.smartkarma.com/entities/hyundai-motor-india-ltd" target="_blank" data-smartkarma-citation="entities:40900:1" rel="noopener">Hyundai Motor India (HYUNDAI IN)</a> ends after market close today and the shares will be available for sale tomorrow.</li>
<li>The lock-up expiry further increases free float for the stock and there will be multiple index inclusions over the next few months.</li>
<li>The largest index inclusion will be in February, followed by smaller inclusions in March and June. In total, passives will mop up around 16% of the float.</li>
</ul>


The lock-up on the second half of the anchor investor allocation for Hyundai Motor India (HYUNDAI IN) ends after market close today and the shares will be available for sale tomorrow.
The lock-up expiry further increases free float for the stock and there will be multiple index inclusions over the next few months.
The largest index inclusion will be in February, followed by smaller inclusions in March and June. In total, passives will mop up around 16% of the float.


Hyundai Motor (HYUNDAI IN): Anchor Lock-Up Expiry Increases Float; Index Inclusions Near

South Korea

Hyundai Motor India Limited (HMIL) designs and manufactures automobiles. The Company offers cars, vans, sedans, and sport utility vehicles along with financing, leasing, and maintenance services. HMIL serves customers globally.

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Hyundai Motor India (HYUNDAI IN)

Hyundai Motor India: MSCI Index Inclusion. Is It Enough to Fast-Track HMIL?

Index inclusion could attract wider investor interest. HMIL’s 2025 EV and CNG new/facelift model launches target high-growth niches to drive sales...

Devi Subhakesan

#101 India Insight: Hyundai Added to MSCI Index, Adani Green Removed, Vedanta Explores Zambia Funds

Hyundai Motor India added to MSCI Emerging Markets Index, Adani Green Energy removed; Indian government testing IndiaAI Datasets Platform; Vedanta...

Sudarshan Bhandari

NIFTY NEXT50 Index Rebalance Preview: Final List of Potential Changes in March

There could be 7 changes for the NIFTYJR in March. The forecast adds have underperformed since the start of the year as momentum has sold off....

Brian Freitas

Hyundai Motor (HYUNDAI IN): Anchor Lock-Up Expiry Increases Float; Index Inclusions Near

Hyundai Motor India has a lock-up expiry tomorrow - that is unlikely to lead to big selling but will increase free float. There will be multiple...

Brian Freitas

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Hyundai India’s ₹31,500 Cr Related-Party Deal Sparks Governance Debate

​Hyundai Motor India proposes INR 31,500 crore in related-party transactions post-IPO, raising governance concerns among proxy advisors and investors.

Nimish Maheshwari

Hyundai Motor India: MSCI Index Inclusion. Is It Enough to Fast-Track HMIL?

Index inclusion could attract wider investor interest. HMIL’s 2025 EV and CNG new/facelift model launches target high-growth niches to drive sales...

Devi Subhakesan

#101 India Insight: Hyundai Added to MSCI Index, Adani Green Removed, Vedanta Explores Zambia Funds

​Hyundai Motor India added to MSCI Emerging Markets Index, Adani Green Energy removed; Indian government testing IndiaAI Datasets Platform; Vedanta...

Sudarshan Bhandari

NIFTY NEXT50 Index Rebalance Preview: Final List of Potential Changes in March

There could be 7 changes for the NIFTYJR in March. The forecast adds have underperformed since the start of the year as momentum has sold off....

Brian Freitas

Hyundai Motor (HYUNDAI IN): Anchor Lock-Up Expiry Increases Float; Index Inclusions Near

Hyundai Motor India has a lock-up expiry tomorrow - that is unlikely to lead to big selling but will increase free float. There will be multiple...

Brian Freitas

Hyundai Motor India proposes INR 31,500 crore in related-party transactions post-IPO, raising governance concerns among proxy advisors and investors.

Hyundai Motor India added to MSCI Emerging Markets Index, Adani Green Energy removed; Indian government testing IndiaAI Datasets Platform; Vedanta...