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>India slashed excise duty on petrol by Rs 10/litre to Rs 3 and zeroed out diesel duty, effective 26 March 2026, under Notification No. 11/2026-Central Excise.</li>
<li>With OMCs losing an estimated Rs 48.8/litre on blended marketing, the cut absorbs 30–40% of annualised losses, buying time without a retail price hike.</li>
<li>The liquidity lifeline comes at a steep fiscal cost of ~Rs 1.55 lakh crore annually, and  windfall tax offset on exports only partially compensates; watch whether crude stays above $100.</li>
</ul>


India slashed excise duty on petrol by Rs 10/litre to Rs 3 and zeroed out diesel duty, effective 26 March 2026, under Notification No. 11/2026-Central Excise.
With OMCs losing an estimated Rs 48.8/litre on blended marketing, the cut absorbs 30–40% of annualised losses, buying time without a retail price hike.
The liquidity lifeline comes at a steep fiscal cost of ~Rs 1.55 lakh crore annually, and  windfall tax offset on exports only partially compensates; watch whether crude stays above $100.


India Cuts Fuel Excise Duties: OMC Lifeline, Fiscal Casualty

<ul>
<li>
India's domestic gas supply collapsed after the US-Iran war shut the Strait of Hormuz, cutting 85-90% of natural gas imports and triggering emergency government rationing.</li>
<li>
Ceramics, QSR chains, food delivery, and gig workers face severe disruption; induction appliance makers and domestic-focused CGD operators emerge as clear structural beneficiaries.</li>
<li>
 Duration determines the damage: a short shock(Scenario-1) is a blip, but a prolonged crisis(Scenario-3) permanently rewires India's cooking fuel mix and equity positioning across sectors.</li>
</ul>



India's domestic gas supply collapsed after the US-Iran war shut the Strait of Hormuz, cutting 85-90% of natural gas imports and triggering emergency government rationing.

Ceramics, QSR chains, food delivery, and gig workers face severe disruption; induction appliance makers and domestic-focused CGD operators emerge as clear structural beneficiaries.

 Duration determines the damage: a short shock(Scenario-1) is a blip, but a prolonged crisis(Scenario-3) permanently rewires India's cooking fuel mix and equity positioning across sectors.


India's LPG Shock: Mapping the Multiplier Effect Across 10 Sectors

<ul>
<li>Global fiber optic cable demand is entering a structural upcycle driven by 5G densification, AI data center buildouts, and national broadband mandates. </li>
<li>Three domestic manufacturers, <a href="https://www.smartkarma.com/entities/sterlite-technologies-ltd" target="_blank" data-smartkarma-citation="entities:10121:1" rel="noopener">Sterlite Technologies (SOTL IN)</a>, <a href="https://www.smartkarma.com/entities/hfcl-ltd" target="_blank" data-smartkarma-citation="entities:1386:1" rel="noopener">HFCL Ltd (HMFC IN)</a>, and <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>, are positioned directly in the path of this demand surge.</li>
<li>The India OFC story is early-cycle, policy-backed, and supply-constrained. With BharatNet Phase III, 5G backhaul demand, AI-driven data center, the next 36-months could be defining for Indian fiber cable manufacturers.</li>
</ul>


Global fiber optic cable demand is entering a structural upcycle driven by 5G densification, AI data center buildouts, and national broadband mandates. 
Three domestic manufacturers, Sterlite Technologies (SOTL IN), HFCL Ltd (HMFC IN), and Finolex Cables (FNXC IN), are positioned directly in the path of this demand surge.
The India OFC story is early-cycle, policy-backed, and supply-constrained. With BharatNet Phase III, 5G backhaul demand, AI-driven data center, the next 36-months could be defining for Indian fiber cable manufacturers.


Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>Brent crude has surged 78% in nine days from ~$67/bbl to above $110/bbl as the US-Israel-Iran war blocks Strait of Hormuz shipping, the first such disruption since 1980.</li>
<li>India, importing 85-90% of crude needs, faces a simultaneous hit to CPI (+55-80bp), GDP (-15 to -27bp), current account deficit (widening 0.5% of GDP per $10/bbl), a rupee (92/$). </li>
<li>Markets have begun pricing geopolitical risk but have not fully absorbed the macro cascade. With Nifty down 9% from peak and India VIX at 19+, the correction is incomplete.</li>
</ul>


Brent crude has surged 78% in nine days from ~$67/bbl to above $110/bbl as the US-Israel-Iran war blocks Strait of Hormuz shipping, the first such disruption since 1980.
India, importing 85-90% of crude needs, faces a simultaneous hit to CPI (+55-80bp), GDP (-15 to -27bp), current account deficit (widening 0.5% of GDP per $10/bbl), a rupee (92/$). 
Markets have begun pricing geopolitical risk but have not fully absorbed the macro cascade. With Nifty down 9% from peak and India VIX at 19+, the correction is incomplete.


Black Oil, Red Markets: How Rising Crude Prices Impacting Indian Economy & Markets

<ul>
<li>China cut its VAT export tax rebate on refined petroleum products from 13% to 9% in December 2024, compressing Chinese refinery export margins by ~$3/bbl.</li>
<li>With Chinese clean product exports falling ~13% year-on-year, Asian crack spreads have recovered sharply, directly lifting gross refining margins for India's export-oriented refiners.</li>
<li>RIL, MRPL, and CPCL offer differentiated leverage to this structural tailwind. CPCL has the highest earnings sensitivity; MRPL the most direct margin play; and RIL the scale. </li>
</ul>


China cut its VAT export tax rebate on refined petroleum products from 13% to 9% in December 2024, compressing Chinese refinery export margins by ~$3/bbl.
With Chinese clean product exports falling ~13% year-on-year, Asian crack spreads have recovered sharply, directly lifting gross refining margins for India's export-oriented refiners.
RIL, MRPL, and CPCL offer differentiated leverage to this structural tailwind. CPCL has the highest earnings sensitivity; MRPL the most direct margin play; and RIL the scale. 


China's VAT Rebate Cut: A Quiet Tailwind for RIL, MRPL, and Chennai Petro

India

Reliance Industries is an Indian multinational conglomerate with diverse businesses including energy, petrochemicals, oil and gas exploration, telecommunications (Jio), and retail (Reliance Retail). The company is a major producer of petroleum products and a significant player in digital services and consumer goods. Reliance Industries is headquartered in Mumbai, India, and was founded in 1958.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Reliance Industries (RELIANCE IN)

India Cuts Fuel Excise Duties: OMC Lifeline, Fiscal Casualty

India reduces excise duty on petrol by Rs 10/litre to Rs 3 and eliminates diesel duty, easing OMC losses but adding significant fiscal burden.

Nimish Maheshwari

India's LPG Shock: Mapping the Multiplier Effect Across 10 Sectors

India's gas supply crisis post US-Iran war leads to rationing, disrupting various industries; duration of crisis crucial for long-term impact and...

Nimish Maheshwari

Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...

Nimish Maheshwari

Black Oil, Red Markets: How Rising Crude Prices Impacting Indian Economy & Markets

Brent crude surges due to US-Israel-Iran tensions, impacting India's economy and stock market. Markets not fully pricing in macro risks.

Sudarshan Bhandari

China's VAT Rebate Cut: A Quiet Tailwind for RIL, MRPL, and Chennai Petro

China's VAT export tax rebate cut on petroleum products boosts Asian crack spreads, benefiting India's export-oriented refiners like RIL, MRPL,...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

India Cuts Fuel Excise Duties: OMC Lifeline, Fiscal Casualty

​India reduces excise duty on petrol by Rs 10/litre to Rs 3 and eliminates diesel duty, easing OMC losses but adding significant fiscal burden.

Nimish Maheshwari

India's LPG Shock: Mapping the Multiplier Effect Across 10 Sectors

​India's gas supply crisis post US-Iran war leads to rationing, disrupting various industries; duration of crisis crucial for long-term impact and...

Nimish Maheshwari

Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

​Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...

Nimish Maheshwari

Black Oil, Red Markets: How Rising Crude Prices Impacting Indian Economy & Markets

​Brent crude surges due to US-Israel-Iran tensions, impacting India's economy and stock market. Markets not fully pricing in macro risks.

Sudarshan Bhandari

China's VAT Rebate Cut: A Quiet Tailwind for RIL, MRPL, and Chennai Petro

​China's VAT export tax rebate cut on petroleum products boosts Asian crack spreads, benefiting India's export-oriented refiners like RIL, MRPL,...

Nimish Maheshwari

India reduces excise duty on petrol by Rs 10/litre to Rs 3 and eliminates diesel duty, easing OMC losses but adding significant fiscal burden.

India's gas supply crisis post US-Iran war leads to rationing, disrupting various industries; duration of crisis crucial for long-term impact and...

Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...

Brent crude surges due to US-Israel-Iran tensions, impacting India's economy and stock market. Markets not fully pricing in macro risks.

China's VAT export tax rebate cut on petroleum products boosts Asian crack spreads, benefiting India's export-oriented refiners like RIL, MRPL,...