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>The rapid growth of AI and data centers is driving the demand for specialized wires and cables to support high-performance hardware, ultra-low latency, and massive data transmission.</li>
<li>India’s data center capacity is projected to grow fivefold by 2030, creating a Rs.3,000 billion market for wires and cables, significantly impacting the cable industry’s growth.</li>
<li>Indian companies like <a href="https://www.smartkarma.com/entities/polycab-india-ltd" target="_blank" data-smartkarma-citation="entities:27877:1" rel="noopener">Polycab India (POLYCAB IN), </a><a href="https://www.smartkarma.com/entities/finolex-cables-ltd" target="_blank" data-smartkarma-citation="entities:11606:1" rel="noopener">Finolex Cables (FNXC IN)</a>, <a href="https://www.smartkarma.com/entities/r-r-kabel-limited" target="_blank" data-smartkarma-citation="entities:39810:1" rel="noopener">R R Kabel (RRKABEL IN)</a> etc. will benefits the most from this rising demand.</li>
</ul>


The rapid growth of AI and data centers is driving the demand for specialized wires and cables to support high-performance hardware, ultra-low latency, and massive data transmission.
India’s data center capacity is projected to grow fivefold by 2030, creating a Rs.3,000 billion market for wires and cables, significantly impacting the cable industry’s growth.
Indian companies like Polycab India (POLYCAB IN), Finolex Cables (FNXC IN), R R Kabel (RRKABEL IN) etc. will benefits the most from this rising demand.


Understanding the Surge in Wire and Cable Needs Amidst AI 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

Index Rebalance

<ul>
<li>There could be 1 constituent change for the <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY Index (NIFTY INDEX)</a> and 5 changes 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 September.</li>
<li>The review period for the September rebalance ended 31 July, the announcement of the changes will take place later today and implemented at the close of trading on 29 September.</li>
<li>The adds outperformed the deletes in April and May but there has been a narrowing of the spread since then. The spread could widen following the announcement of the changes.</li>
</ul>


There could be 1 constituent change for the NIFTY Index (NIFTY INDEX) and 5 changes for the NSE Nifty Next 50 Index (NIFTYJR INDEX) in September.
The review period for the September rebalance ended 31 July, the announcement of the changes will take place later today and implemented at the close of trading on 29 September.
The adds outperformed the deletes in April and May but there has been a narrowing of the spread since then. The spread could widen following the announcement of the changes.


NIFTY50/ NEXT50 Index Rebalance Preview: Announcement Today After Market Close

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>India's Wires &amp; Cables sector is doubling by FY29 with a major 80% capex surge in FY26, driven by infrastructure and exports. </li>
<li>Despite robust supply growth, a significant INR 177.3 billion demand-supply gap by FY30 indicates strong absorption. </li>
<li>
<a href="https://www.smartkarma.com/entities/polycab-india-ltd" target="_blank" data-smartkarma-citation="entities:27877:1" rel="noopener">Polycab India (POLYCAB IN)</a> leads with high ROIC and growth, while <a href="https://www.smartkarma.com/entities/havells-india-ltd" target="_blank" data-smartkarma-citation="entities:9158:1" rel="noopener">Havells India (HAVL IN)</a> and <a href="https://www.smartkarma.com/entities/apar-industries-ltd" target="_blank" data-smartkarma-citation="entities:12511:1" rel="noopener">Apar Industries (APR IN)</a> offer strong capex-driven expansion for investors.</li>
</ul>


India's Wires &amp; Cables sector is doubling by FY29 with a major 80% capex surge in FY26, driven by infrastructure and exports. 
Despite robust supply growth, a significant INR 177.3 billion demand-supply gap by FY30 indicates strong absorption. 

Polycab India (POLYCAB IN) leads with high ROIC and growth, while Havells India (HAVL IN) and Apar Industries (APR IN) offer strong capex-driven expansion for investors.


Thematic Report: Wires & Cables Industry~ Exponential Capex Meeting Demand, Key Players to Benefit

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>The semiannual index rebal events of the NIFTY 50 index and NIFTY 100 index will take place near the end of September 2026.</li>
<li>There will be one change for NIFTY 50 index and five changes for NIFTY 100.</li>
<li>In this insight, we take a look at our latest flow expectations for the confirmed index changes.</li>
</ul>


The semiannual index rebal events of the NIFTY 50 index and NIFTY 100 index will take place near the end of September 2026.
There will be one change for NIFTY 50 index and five changes for NIFTY 100.
In this insight, we take a look at our latest flow expectations for the confirmed index changes.


Quiddity NIFTY Sep26 Results and Flow Update: 11/12 Correct; ~US$940mn Combined One-Way Flow

<ul>
<li>UltraTech Cement is entering the Wires &amp; Cables industry with a INR 1,800 crore investment and a plant in Gujarat, aiming for INR 9,000 crore in revenue by 2030. </li>
<li>With strong backward integration and an extensive distribution network, the move could disrupt a fragmented market. </li>
<li>However, incumbents believe scaling and regulatory approvals will be key hurdles, much like Grasim’s entry into paints.</li>
</ul>


UltraTech Cement is entering the Wires &amp; Cables industry with a INR 1,800 crore investment and a plant in Gujarat, aiming for INR 9,000 crore in revenue by 2030. 
With strong backward integration and an extensive distribution network, the move could disrupt a fragmented market. 
However, incumbents believe scaling and regulatory approvals will be key hurdles, much like Grasim’s entry into paints.


What Ultratech’s Foray into Wires & Cables Means for Industry Dynamics, Competition, and Growth

India

Polycab India Ltd. is India's largest manufacturer of wires and cables, and a prominent player in the Fast Moving Electrical Goods (FMEG) industry, offering products such as electric fans, LED lighting, switches, switchgear, and solar products. The company also operates in the Engineering, Procurement, and Construction (EPC) sector, specializing in power distribution and rural electrification projects. Polycab India is headquartered in Mumbai, India, and was incorporated in 1996.

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Polycab India (POLYCAB IN)

Understanding the Surge in Wire and Cable Needs Amidst AI Growth

The surge in AI and data centers is fueling the need for specialized wires and cables, with India's data center capacity set to grow fivefold by...

Nimish Maheshwari

NIFTY50/ NEXT50 Index Rebalance Preview: Announcement Today After Market Close

The Nifty family of indices rebalances at the close today. BSE is down 30% from its high in May and down 14% since the announcement of the NIFTY50...

Brian Freitas

Thematic Report: Wires & Cables Industry~ Exponential Capex Meeting Demand, Key Players to Benefit

India's Wires & Cables sector set to double by FY29 with 80% capex surge in FY26, driven by infrastructure and exports. Polycab India leads with...

Sudarshan Bhandari

Quiddity NIFTY Sep26 Results and Flow Update: 11/12 Correct; ~US$940mn Combined One-Way Flow

From 21st August 2026 close to 15th September 2026 close, the ideas suggested in this insight generated an average return of approximately +6%. The...

Janaghan Jeyakumar, CFA

What Ultratech’s Foray into Wires & Cables Means for Industry Dynamics, Competition, and Growth

UltraTech Cement is making a bold move into the Wires & Cables industry with a significant investment, aiming to disrupt the market and achieve...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Understanding the Surge in Wire and Cable Needs Amidst AI Growth

​The surge in AI and data centers is fueling the need for specialized wires and cables, with India's data center capacity set to grow fivefold by...

Nimish Maheshwari

NIFTY50/ NEXT50 Index Rebalance Preview: Announcement Today After Market Close

The Nifty family of indices rebalances at the close today. BSE is down 30% from its high in May and down 14% since the announcement of the NIFTY50...

Brian Freitas

Thematic Report: Wires & Cables Industry~ Exponential Capex Meeting Demand, Key Players to Benefit

​India's Wires & Cables sector set to double by FY29 with 80% capex surge in FY26, driven by infrastructure and exports. Polycab India leads with...

Sudarshan Bhandari

Quiddity NIFTY Sep26 Results and Flow Update: 11/12 Correct; ~US$940mn Combined One-Way Flow

From 21st August 2026 close to 15th September 2026 close, the ideas suggested in this insight generated an average return of approximately +6%. The...

Janaghan Jeyakumar, CFA

What Ultratech’s Foray into Wires & Cables Means for Industry Dynamics, Competition, and Growth

​UltraTech Cement is making a bold move into the Wires & Cables industry with a significant investment, aiming to disrupt the market and achieve...

Sudarshan Bhandari

The surge in AI and data centers is fueling the need for specialized wires and cables, with India's data center capacity set to grow fivefold by...

India's Wires & Cables sector set to double by FY29 with 80% capex surge in FY26, driven by infrastructure and exports. Polycab India leads with...

UltraTech Cement is making a bold move into the Wires & Cables industry with a significant investment, aiming to disrupt the market and achieve...