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

Thematic (Sector/Industry)

<ul>
<li>On 31-Dec-25, the Indian government notified a three year safeguard duty on flat steel imports, starting at 12% in Year 1 to counter predatory pricing from China and Vietnam.</li>
<li>This structural shift addresses a long-standing grievance of domestic mills, effectively creating a 10% price premium over imports and reversing the margin erosion caused by excess global capacity.</li>
<li>With domestic HRC prices expected to climb 10%, the duty provides a significant EBITDA kicker for Indian Steel Companies, signaling a multi-year recovery phase for the sector.</li>
</ul>


On 31-Dec-25, the Indian government notified a three year safeguard duty on flat steel imports, starting at 12% in Year 1 to counter predatory pricing from China and Vietnam.
This structural shift addresses a long-standing grievance of domestic mills, effectively creating a 10% price premium over imports and reversing the margin erosion caused by excess global capacity.
With domestic HRC prices expected to climb 10%, the duty provides a significant EBITDA kicker for Indian Steel Companies, signaling a multi-year recovery phase for the sector.


Indian Steel: Safeguard Duty Unleashed— A 12% Firewall for the Domestic Bull Run

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Capital Markets

Mahanadi Coalfields Limited / Equity Capital Markets

Mahanadi Coalfields Limited (0808507D IN)

<ul>
<li>This insight discusses about the broad structure of upcoming IPO of <a href="https://www.smartkarma.com/entities/mahanadi-coalfields-limited" target="_blank" data-smartkarma-citation="entities:58636:1" rel="noopener">Mahanadi Coalfields Limited (0808507D IN)</a> .</li>
<li>It discusses about the company profile, key customers and financial snapshots.</li>
<li>Finally, we highlight the various points to look forward to in this IPO.</li>
</ul>


This insight discusses about the broad structure of upcoming IPO of Mahanadi Coalfields Limited (0808507D IN) .
It discusses about the company profile, key customers and financial snapshots.
Finally, we highlight the various points to look forward to in this IPO.


Global Materials | Industrials | Commodities

Rahul Jain

Commodities

<ul>
<li>Recent Impact: India’s BIS mandate has disrupted steel imports overnight, stranding shipments and pressuring MSMEs.</li>
<li>Pricing: While prices have remained broadly stable so far, rising input tightness and seasonal factors suggest upward pressure is likely ahead.</li>
<li>Global Trends: Around 25–35% of global steel trade is now under protectionist measures, reflecting a broader shift toward regionalization and defensive trade policies.</li>
</ul>


Recent Impact: India’s BIS mandate has disrupted steel imports overnight, stranding shipments and pressuring MSMEs.
Pricing: While prices have remained broadly stable so far, rising input tightness and seasonal factors suggest upward pressure is likely ahead.
Global Trends: Around 25–35% of global steel trade is now under protectionist measures, reflecting a broader shift toward regionalization and defensive trade policies.


Steel Trade: India’s BIS Mandate Spurs Import Shock Amid Rising Global Protectionism

<ul>
<li>Commodity trends remain bifurcated: gold, copper, and uranium are surging, while iron ore, and coal struggle under oversupply and weak demand.</li>
<li>Top picks: <a href="https://www.smartkarma.com/entities/zijin-mining-group-co-ltd" target="_blank" data-smartkarma-citation="entities:24628:1" rel="noopener">Zijin Mining Group (601899 CH)</a><a href="https://www.smartkarma.com/entities/shandong-gold-mining-co-ltd-4527fb98-bb5d-4d74-91fe-66f9c0224eb3" target="_blank" data-smartkarma-citation="entities:27455:1" rel="noopener">Shandong Gold Mining (1787 HK)</a><a href="https://www.smartkarma.com/entities/jsw-steel-ltd" target="_blank" data-smartkarma-citation="entities:18561:1" rel="noopener">JSW Steel Ltd (JSTL IN)</a>, <a href="https://www.smartkarma.com/entities/lloyds-metals-energy-ltd" target="_blank" data-smartkarma-citation="entities:15467:1" rel="noopener">Lloyds Metals &amp; Energy (LYDM IN)</a> , <a href="https://www.smartkarma.com/entities/paladin-energy-ltd" target="_blank" data-smartkarma-citation="entities:10117:1" rel="noopener">Paladin Energy (PDN AU)</a> </li>
<li>Top shorts: <a href="https://www.smartkarma.com/entities/hindalco-industries-ltd" target="_blank" data-smartkarma-citation="entities:18490:1" rel="noopener">Hindalco Industries (HNDL IN)</a> , <a href="https://www.smartkarma.com/entities/nippon-steel-corporation" target="_blank" data-smartkarma-citation="entities:961:1" rel="noopener">Nippon Steel Corporation (5401 JP)</a><a href="https://www.smartkarma.com/entities/coal-india-ltd" target="_blank" data-smartkarma-citation="entities:9117:1" rel="noopener">Coal India Ltd (COAL IN)</a><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> </li>
</ul>


Commodity trends remain bifurcated: gold, copper, and uranium are surging, while iron ore, and coal struggle under oversupply and weak demand.
Top picks: Zijin Mining Group (601899 CH)Shandong Gold Mining (1787 HK)JSW Steel Ltd (JSTL IN), Lloyds Metals &amp; Energy (LYDM IN) , Paladin Energy (PDN AU) 
Top shorts: Hindalco Industries (HNDL IN) , Nippon Steel Corporation (5401 JP)Coal India Ltd (COAL IN)Tata Steel Ltd (TATA IN) 


Global Metals & Mining Playbook – July 2025

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>Karnataka's proposed mineral tax will significantly impact iron ore miners and the steel industry, potentially raising production costs and impacting profitability. </li>
<li>Larsen &amp; Toubro's (L&amp;T) recent ₹10,000 crore order for K9 Vajra-T artillery platforms signifies the company's strength in the defense sector. </li>
<li>
<a href="https://www.smartkarma.com/entities/waaree-energies-limited-6098abe5-9b91-4859-8170-b98fda2cf7ab" target="_blank" data-smartkarma-citation="entities:44031:1" rel="noopener">Waaree Energies (0656504D IN)</a> is accelerating India's renewable energy goals with strategic investments in electrolyzer, lithium-ion storage, and inverter solutions. </li>
</ul>


Karnataka's proposed mineral tax will significantly impact iron ore miners and the steel industry, potentially raising production costs and impacting profitability. 
Larsen &amp; Toubro's (L&amp;T) recent ₹10,000 crore order for K9 Vajra-T artillery platforms signifies the company's strength in the defense sector. 

Waaree Energies (0656504D IN) is accelerating India's renewable energy goals with strategic investments in electrolyzer, lithium-ion storage, and inverter solutions. 


#73 India Insight: Iron Ore Taxed, Waaree’s 2000 Cr Investments in EV Batteries, Adani’s Acquisition

India

NMDC Limited is India's largest iron ore producer and exporter, engaged in the exploration and production of various minerals including iron ore, copper, rock phosphate, limestone, magnesite, and diamonds. The company operates highly mechanized mines primarily in Chhattisgarh and Karnataka, and also runs India's only mechanized diamond mine in Panna, Madhya Pradesh. Headquartered in Hyderabad, Telangana, NMDC was founded in 1958.

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NMDC (NMDC IN)

Indian Steel: Safeguard Duty Unleashed— A 12% Firewall for the Domestic Bull Run

Indian government imposes 3-year safeguard duty on flat steel imports to counter predatory pricing, creating price premium for domestic mills and...

Nimish Maheshwari

Mahanadi Coalfields IPO – First Cut

This insight discusses about the broad structure of upcoming IPO of Mahanadi Coalfields Limited (0808507D IN) . It discusses about the company...

Sreemant Dudhoria

Steel Trade: India’s BIS Mandate Spurs Import Shock Amid Rising Global Protectionism

India's BIS mandate disrupts steel imports, pressures MSMEs; global steel trade trends show rise in protectionist measures.

Rahul Jain

Global Metals & Mining Playbook – July 2025

Commodity trends show gold, copper, and uranium surging, while iron ore and coal struggle. Top picks include Zijin Mining Group, Shandong Gold...

Rahul Jain

#73 India Insight: Iron Ore Taxed, Waaree’s 2000 Cr Investments in EV Batteries, Adani’s Acquisition

Karnataka's mineral tax may impact iron ore miners and steel industry, L&T's ₹10,000 crore defense order showcases strength, Waaree Energies...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Indian Steel: Safeguard Duty Unleashed— A 12% Firewall for the Domestic Bull Run

​Indian government imposes 3-year safeguard duty on flat steel imports to counter predatory pricing, creating price premium for domestic mills and...

Nimish Maheshwari

Mahanadi Coalfields IPO – First Cut

This insight discusses about the broad structure of upcoming IPO of Mahanadi Coalfields Limited (0808507D IN) . It discusses about the company...

Sreemant Dudhoria

Steel Trade: India’s BIS Mandate Spurs Import Shock Amid Rising Global Protectionism

​India's BIS mandate disrupts steel imports, pressures MSMEs; global steel trade trends show rise in protectionist measures.

Rahul Jain

Global Metals & Mining Playbook – July 2025

​Commodity trends show gold, copper, and uranium surging, while iron ore and coal struggle. Top picks include Zijin Mining Group, Shandong Gold...

Rahul Jain

#73 India Insight: Iron Ore Taxed, Waaree’s 2000 Cr Investments in EV Batteries, Adani’s Acquisition

​Karnataka's mineral tax may impact iron ore miners and steel industry, L&T's ₹10,000 crore defense order showcases strength, Waaree Energies...

Sudarshan Bhandari

Indian government imposes 3-year safeguard duty on flat steel imports to counter predatory pricing, creating price premium for domestic mills and...

India's BIS mandate disrupts steel imports, pressures MSMEs; global steel trade trends show rise in protectionist measures.

Commodity trends show gold, copper, and uranium surging, while iron ore and coal struggle. Top picks include Zijin Mining Group, Shandong Gold...

Karnataka's mineral tax may impact iron ore miners and steel industry, L&T's ₹10,000 crore defense order showcases strength, Waaree Energies...