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>
<a href="https://www.smartkarma.com/entities/meta-platforms-inc-class-a-facebook" target="_blank" data-smartkarma-citation="entities:665:1" rel="noopener">Meta (META US)</a> and <a href="https://www.smartkarma.com/entities/reliance-industries-ltd" target="_blank" data-smartkarma-citation="entities:198:1" rel="noopener">Reliance Industries (RELIANCE IN)</a> have signed a build-to-lease agreement for 168 MW AI-data centre in Jamnagar, Gujarat, India's first purpose-built AI compute facility at this scale.</li>
<li>This deal converts Reliance's Jamnagar land bank and renewable energy access into a recurring, dollar-linked revenue stream, while entrenching RIL as the infrastructure gateway for global hyperscalers entering India.</li>
<li>The structural question is whether Jamnagar becomes a one-anchor campus or a multi-tenant AI park. Reliance's Google Cloud partnership from 2025 suggests the latter is already in motion.</li>
</ul>



Meta (META US) and Reliance Industries (RELIANCE IN) have signed a build-to-lease agreement for 168 MW AI-data centre in Jamnagar, Gujarat, India's first purpose-built AI compute facility at this scale.
This deal converts Reliance's Jamnagar land bank and renewable energy access into a recurring, dollar-linked revenue stream, while entrenching RIL as the infrastructure gateway for global hyperscalers entering India.
The structural question is whether Jamnagar becomes a one-anchor campus or a multi-tenant AI park. Reliance's Google Cloud partnership from 2025 suggests the latter is already in motion.


Reliance Making Meta's First Data Center in India!

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

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.

<ul>
<li>The stock price plunged by 34% last week and negative news has not been fully priced in.</li>
<li>However, revenue growth rate, gross margin, and market share are encouraging.</li>
<li>We believe there will be buying opportunities after Anthropic and OpenAI go public.</li>
</ul>


The stock price plunged by 34% last week and negative news has not been fully priced in.
However, revenue growth rate, gross margin, and market share are encouraging.
We believe there will be buying opportunities after Anthropic and OpenAI go public.


MiniMax (100 HK): Wait Until Competitors' and Its Own Shares Are Tradable

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/space-exploration-technologies-corp-spacex" target="_blank" data-smartkarma-citation="entities:33284:1" rel="noopener">SpaceX (SPCX US)</a> an Elon Musk led Space to AI company, aims to raise around US$75bn in its US IPO.</li>
<li>SpaceX is set to be the largest IPO ever. It will also probably end up being one of the most controversial ones given the asking valuations and other worldly promises.</li>
<li>We looked at its past performance in our previous notes. In this note, we talk about the IPO valautions.</li>
</ul>



SpaceX (SPCX US) an Elon Musk led Space to AI company, aims to raise around US$75bn in its US IPO.
SpaceX is set to be the largest IPO ever. It will also probably end up being one of the most controversial ones given the asking valuations and other worldly promises.
We looked at its past performance in our previous notes. In this note, we talk about the IPO valautions.


Aequitas: SpaceX IPO - No Surprises, Watch the Lockup Roll Offs

<ul>
<li>
<a href="https://www.smartkarma.com/entities/space-exploration-technologies-corp-spacex" target="_blank" data-smartkarma-citation="entities:33284:1" rel="noopener">SpaceX (SPCX US)</a> an Elon Musk led Space to AI company, aims to raise around US$75bn in its US IPO.</li>
<li>SpaceX is set to be the largest IPO ever. It will also probably end up being one of the most controversial ones given the asking valuations and other worldly promises.</li>
<li>We looked at its past performance in our previous notes. In this note, we talk about the additional aspects on valautions.</li>
</ul>



SpaceX (SPCX US) an Elon Musk led Space to AI company, aims to raise around US$75bn in its US IPO.
SpaceX is set to be the largest IPO ever. It will also probably end up being one of the most controversial ones given the asking valuations and other worldly promises.
We looked at its past performance in our previous notes. In this note, we talk about the additional aspects on valautions.


Aequitas: SpaceX IPO - Valuations - Now for a Bite of Reality - Retail Euphoria, Index Buying...

Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates Suno hit $300M in ARR in February 2026, up 404% year-over-year from ~$227M at the end of 2025.</li><li>Suno raised over $400 million in a Series D in June 2026, valuing the company at $5.4 billion post-money.</li><li>Users can extend songs beyond their initial length, create covers of existing Suno-generated songs in different styles, and collaborate on music creation.</li></ul>

Sacra estimates Suno hit $300M in ARR in February 2026, up 404% year-over-year from ~$227M at the end of 2025.Suno raised over $400 million in a Series D in June 2026, valuing the company at $5.4 billion post-money.Users can extend songs beyond their initial length, create covers of existing Suno-generated songs in different styles, and collaborate on music creation.

United States

OpenAI, L.P. operates as a software company. The Company specializes in AI research and deployment that aims to ensure that artificial general intelligence benefits all of humanity. OpenAI serves customers worldwide.

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OpenAI (2193707D US)

Reliance Making Meta's First Data Center in India!

Meta and Reliance Industries have signed a deal for a large AI-data center in India, turning Reliance's assets into a revenue stream and...

Nimish Maheshwari

MiniMax (100 HK): Wait Until Competitors' and Its Own Shares Are Tradable

The stock price plunged by 34% last week and negative news has not been fully priced in. However, financials are strong. There will be buying...

Ming Lu

Aequitas: SpaceX IPO - No Surprises, Watch the Lockup Roll Offs

SpaceX (SPCX US) an Elon Musk led Space to AI company, aims to raise around US$75bn in its US IPO. In this note we talk about the pricing and...

Sumeet Singh

Aequitas: SpaceX IPO - Valuations - Now for a Bite of Reality - Retail Euphoria, Index Buying...

SpaceX (SPCX US) an Elon Musk led Space to AI company, aims to raise around US$75bn in its US IPO. In this note, we talk about the retail frenzy,...

Sumeet Singh

Primer: Suno - 03 Jun 2026

Music generation tool that creates full songs from text prompts using AI

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Reliance Making Meta's First Data Center in India!

​Meta and Reliance Industries have signed a deal for a large AI-data center in India, turning Reliance's assets into a revenue stream and...

Nimish Maheshwari

MiniMax (100 HK): Wait Until Competitors' and Its Own Shares Are Tradable

The stock price plunged by 34% last week and negative news has not been fully priced in. However, financials are strong. There will be buying...

Ming Lu

Aequitas: SpaceX IPO - No Surprises, Watch the Lockup Roll Offs

SpaceX (SPCX US) an Elon Musk led Space to AI company, aims to raise around US$75bn in its US IPO. In this note we talk about the pricing and...

Sumeet Singh

Aequitas: SpaceX IPO - Valuations - Now for a Bite of Reality - Retail Euphoria, Index Buying...

SpaceX (SPCX US) an Elon Musk led Space to AI company, aims to raise around US$75bn in its US IPO. In this note, we talk about the retail frenzy,...

Sumeet Singh

Primer: Suno - 03 Jun 2026

Music generation tool that creates full songs from text prompts using AI

Sacra

Meta and Reliance Industries have signed a deal for a large AI-data center in India, turning Reliance's assets into a revenue stream and...