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>Domestic investors (DIIs, retail, and HNIs) now hold 26.67% of non-promoter shares, narrowing the gap with FIIs, whose stakes have dropped to a 12-year low.</li>
<li>This shift signifies growing domestic confidence and a stabilizing market environment, reducing dependency on volatile FII flows amid global uncertainties.</li>
<li>Movement of the stock prices mostly dependent on FII moves rather than DII or Retail Investors. </li>
</ul>


Domestic investors (DIIs, retail, and HNIs) now hold 26.67% of non-promoter shares, narrowing the gap with FIIs, whose stakes have dropped to a 12-year low.
This shift signifies growing domestic confidence and a stabilizing market environment, reducing dependency on volatile FII flows amid global uncertainties.
Movement of the stock prices mostly dependent on FII moves rather than DII or Retail Investors. 


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

<ul>
<li>Insider buying activity often signals that a positive shift in the business cycle may be approaching for certain businesses.</li>
<li>We highlight large and liquid companies that experienced significant insider buying during December 2024, as reported on the stock exchanges.</li>
<li>
<a href="https://www.smartkarma.com/entities/jindal-stainless-ltd" target="_blank" data-smartkarma-citation="entities:10966:1" rel="noopener">Jindal Stainless (JDSL IN)</a> , <a href="https://www.smartkarma.com/entities/poonawalla-fincorp" target="_blank" data-smartkarma-citation="entities:3449:1" rel="noopener">Poonawalla Fincorp (POONAWAL IN)</a> , <a href="https://www.smartkarma.com/entities/indegene-limited" target="_blank" data-smartkarma-citation="entities:36629:1" rel="noopener">Indegene (INDGN IN)</a> , <a href="https://www.smartkarma.com/entities/ncc-ltd" target="_blank" data-smartkarma-citation="entities:11975:1" rel="noopener">NCC Ltd (NJCC IN)</a> and <a href="https://www.smartkarma.com/entities/sheela-foam-ltd" target="_blank" data-smartkarma-citation="entities:28073:1" rel="noopener">Sheela Foam Ltd (SFL IN)</a> have seen good buying by insiders.</li>
</ul>


Insider buying activity often signals that a positive shift in the business cycle may be approaching for certain businesses.
We highlight large and liquid companies that experienced significant insider buying during December 2024, as reported on the stock exchanges.

Jindal Stainless (JDSL IN) , Poonawalla Fincorp (POONAWAL IN) , Indegene (INDGN IN) , NCC Ltd (NJCC IN) and Sheela Foam Ltd (SFL IN) have seen good buying by insiders.


Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Oil & Natural Gas Corporation / Technical Analysis

<ul>
<li>MSCI EM (EEM-US) continues to show signs of bottoming as it has held above our $37-$37.50 line-in-the-sand. </li>
<li>Major 1+ year resistance on the EEM-US is at $42, and a breakout would mean the bottom is in (and would be a buy signal).</li>
<li>Favor EM over EAFE due to 2.5-year downtrend reversal in the EAFE vs. EM ratio. Top Overweights: Taiwan, India, Greece; Attractive EM Sectors: Energy, Technology, Consumer Discretionary, Financials</li>
</ul>


MSCI EM (EEM-US) continues to show signs of bottoming as it has held above our $37-$37.50 line-in-the-sand. 
Major 1+ year resistance on the EEM-US is at $42, and a breakout would mean the bottom is in (and would be a buy signal).
Favor EM over EAFE due to 2.5-year downtrend reversal in the EAFE vs. EM ratio. Top Overweights: Taiwan, India, Greece; Attractive EM Sectors: Energy, Technology, Consumer Discretionary, Financials


MSCI Emerging Market Index Testing 1+ Year Resistance; Favor EM over EAFE; Top EM Buys Highlighted

India focused: IPO, special situations, Stylus Holdings

Himanshu Dugar

India focused: IPO, special situations

Stylus Holdings

Stylus Holdings is a buy-side equity research firm. We offer bottom-up investment ideas as well as provide on demand equity research and portfolio tracking. 
At Stylus, our focus is to identify market dislocations that can generate 20+% IRR with a reasonable margin of safety. As part of our research process, we do a deep dive into the fundamentals of the company, evaluate their competitive positioning and assess their valuation.
Our investment team is led by Himanshu Dugar. Himanshu is a Chartered Accountant and a CFA charter holder. He has 10+ years of active experience in the stock market with stints at CRISIL Research, a S&P Global copmany and Miras Investments, a single family office based in Dubai.

Equity Research Firm

Equity Bottom-Up

Five-Star Business Finance / Equity Bottom-Up

<ul>
<li>Five-Star is emerging from a stress-led portfolio repair phase into calibrated growth. Operations have been institutionalised. Collection efficiency exceeds 98%, signalling improving asset quality while disbursements are expected to pick-up.</li>
<li>Management guides for disbursements to grow 10% YOY as it slows down branch expansion. Considering strong credit demand and improving asset quality, we model AUM to grow 20% over FY26-28.</li>
<li>Despite near-term NIM compression and elevated operating expenses from investments in collections, technology and employee retention, Five-Star retains industry-leading profitability, expecting to close FY27 with RoA/RoE of 7.7%/16%</li>
</ul>


Five-Star is emerging from a stress-led portfolio repair phase into calibrated growth. Operations have been institutionalised. Collection efficiency exceeds 98%, signalling improving asset quality while disbursements are expected to pick-up.
Management guides for disbursements to grow 10% YOY as it slows down branch expansion. Considering strong credit demand and improving asset quality, we model AUM to grow 20% over FY26-28.
Despite near-term NIM compression and elevated operating expenses from investments in collections, technology and employee retention, Five-Star retains industry-leading profitability, expecting to close FY27 with RoA/RoE of 7.7%/16%


Five Star Business Finance - At an Inflection Point

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

<p>India’s banks are now recording domestic loan growth at 5.9% YoY in the latest available figures, for November 2017. In CEIC's India Monetary Survey, there is no figure lower than this since the beginning of the series in March 2000. The trajectory of domestic credit growth to exceptionally low levels is the hallmark sign of a worsening economy. Bad loans are in no way finished rising, despite their on-going focus. Bad loans will not suddenly cease to materialize in this environment, even where…</p>

India’s banks are now recording domestic loan growth at 5.9% YoY in the latest available figures, for November 2017. In CEIC's India Monetary Survey, there is no figure lower than this since the beginning of the series in March 2000. The trajectory of domestic credit growth to exceptionally low levels is the hallmark sign of a worsening economy. Bad loans are in no way finished rising, despite their on-going focus. Bad loans will not suddenly cease to materialize in this environment, even where…

India

Poonawalla Fincorp Limited is a non-banking finance company that provides consumer and MSME financing services in India. The company offers a diversified product suite including personal, business, and asset-backed loans, along with supply chain financing and insurance products. It was incorporated in 1978 and is headquartered in Pune, India.

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Poonawalla Fincorp (POONAWAL IN)

Who Is Moving Indian Markets?

Growing domestic investor confidence is reducing dependency on volatile FII flows, with DIIs now holding 26.67% of non-promoter shares.

Nimish Maheshwari

India: Monthly Insider Buying Update

Insider buying signals positive business cycle shift, highlighting companies like Jindal Stainless, Poonawalla Fincorp, Indegene, NCC Ltd, &...

Sreemant Dudhoria

MSCI Emerging Market Index Testing 1+ Year Resistance; Favor EM over EAFE; Top EM Buys Highlighted

MSCI EM Index $EEM Testing 1+ Year Resistance; Favor EM over EAFE $EFA. Top EM Country Overweights: Taiwan, India, Greece; Attractive EM Sectors:...

Vermilion Research

Five Star Business Finance - At an Inflection Point

Q1 results show turnaround is underway with strong disbursement growth and improving recoveries. The Balance sheet remains conservatively run with...

Himanshu Dugar

India: Loan Growth Lowest on Record

India’s banks are now recording domestic loan growth at 5.9% YoY in the latest available figures, for November 2017. In CEIC's India Monetary...

Daniel Tabbush

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Who Is Moving Indian Markets?

​Growing domestic investor confidence is reducing dependency on volatile FII flows, with DIIs now holding 26.67% of non-promoter shares.

Nimish Maheshwari

India: Monthly Insider Buying Update

​Insider buying signals positive business cycle shift, highlighting companies like Jindal Stainless, Poonawalla Fincorp, Indegene, NCC Ltd, &...

Sreemant Dudhoria

MSCI Emerging Market Index Testing 1+ Year Resistance; Favor EM over EAFE; Top EM Buys Highlighted

MSCI EM Index $EEM Testing 1+ Year Resistance; Favor EM over EAFE $EFA. Top EM Country Overweights: Taiwan, India, Greece; Attractive EM Sectors:...

Vermilion Research

Five Star Business Finance - At an Inflection Point

Q1 results show turnaround is underway with strong disbursement growth and improving recoveries. The Balance sheet remains conservatively run with...

Himanshu Dugar

India: Loan Growth Lowest on Record

India’s banks are now recording domestic loan growth at 5.9% YoY in the latest available figures, for November 2017. In CEIC's India Monetary...

Daniel Tabbush

Growing domestic investor confidence is reducing dependency on volatile FII flows, with DIIs now holding 26.67% of non-promoter shares.

Insider buying signals positive business cycle shift, highlighting companies like Jindal Stainless, Poonawalla Fincorp, Indegene, NCC Ltd, &...