India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

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>Iran launched ballistic missiles and drones at US assets and infrastructure in Saudi-neighboring GCC states  in direct retaliation US-Israel joint strikes on Iranian leadership and nuclear sites.</li>
<li>The attacks exploit GCC-hosted US bases, threaten 20% of global oil transit via the Strait of Hormuz, and have already driven Brent crude up 12% since escalation.</li>
<li>Iran is shifting from proxy warfare to a "regionalized cost" strategy, attempting to leverage the security of U.S. allies and global energy chokepoints to force a ceasefire.</li>
</ul>


Iran launched ballistic missiles and drones at US assets and infrastructure in Saudi-neighboring GCC states  in direct retaliation US-Israel joint strikes on Iranian leadership and nuclear sites.
The attacks exploit GCC-hosted US bases, threaten 20% of global oil transit via the Strait of Hormuz, and have already driven Brent crude up 12% since escalation.
Iran is shifting from proxy warfare to a "regionalized cost" strategy, attempting to leverage the security of U.S. allies and global energy chokepoints to force a ceasefire.


Why Iran Is Striking the Gulf to Counter US and Israel?

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

<ul>
<li>At the India AI Impact Summit 2026, <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> and Tata Group announced historic capex plans for sovereign AI, while NVIDIA, OpenAI inked landmark infrastructure with Indian conglomerates.</li>
<li>This marks India's transition from an AI consumer to  "Sovereign AI" producer, reducing reliance on global clouds and positioning domestic players as owners of the "intelligence" stack rather than facilitators.</li>
<li>Investors should monitor the rapid rerating of Indian "AI infrastructure" plays: data centers, power, and high-end IT—as the "Intelligence-as-a-Service" model begins to disrupt traditional linear headcount-linked IT growth.</li>
</ul>


At the India AI Impact Summit 2026, Reliance Industries (RELIANCE IN) and Tata Group announced historic capex plans for sovereign AI, while NVIDIA, OpenAI inked landmark infrastructure with Indian conglomerates.
This marks India's transition from an AI consumer to  "Sovereign AI" producer, reducing reliance on global clouds and positioning domestic players as owners of the "intelligence" stack rather than facilitators.
Investors should monitor the rapid rerating of Indian "AI infrastructure" plays: data centers, power, and high-end IT—as the "Intelligence-as-a-Service" model begins to disrupt traditional linear headcount-linked IT growth.


India AI Impact Summit 2026: From "Back-Office" To "Sovereign AI Factory"

<ul>
<li>The US-Iran conflict and naval deployments recently triggered a 16% crude surge, shattering the muted Q3 growth expectations.</li>
<li>Rising oil prices now generate massive revenue windfalls for upstream extractors like <a href="https://www.smartkarma.com/entities/oil-india-ltd" target="_blank" data-smartkarma-citation="entities:20751:1" rel="noopener">Oil India Ltd (OINL IN)</a> , while simultaneously squeezing marketing margins for major fuel retailers.</li>
<li>Pivot toward upstream giants and complex refiners to capture geopolitical alpha, as the "Iran Premium" continues to reshape Indian energy market valuations.</li>
</ul>


The US-Iran conflict and naval deployments recently triggered a 16% crude surge, shattering the muted Q3 growth expectations.
Rising oil prices now generate massive revenue windfalls for upstream extractors like Oil India Ltd (OINL IN) , while simultaneously squeezing marketing margins for major fuel retailers.
Pivot toward upstream giants and complex refiners to capture geopolitical alpha, as the "Iran Premium" continues to reshape Indian energy market valuations.


US-Iran Conflict: An Opportunity or Threat for Indian Oil Companies?

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analysed the earning revision of component stocks of MS-India in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on SWIGGY, HDFC Bank, Axis Bank, Reliance Industries, Bharti Airtel, Hindustan Petroleum, Adani Enterprises, GMR Airports.</li>
</ul>


We analysed the earning revision of component stocks of MS-India in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on SWIGGY, HDFC Bank, Axis Bank, Reliance Industries, Bharti Airtel, Hindustan Petroleum, Adani Enterprises, GMR Airports.


MS-India Index Earning Revision (Sep): SWIGGY, HDFC Bank, Axis Bank, Reliance Industries

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Reliance Industries: Reliance Industries’ (RIL) consolidated Q3FY26 EBITDA stood at INR 460.18bn (+5.1% YoY, +0.3% QoQ), coming in below our estimate</li><li>APAT at INR 186.45bn (+0.6% YoY; +2.6% QoQ) also missed our estimates</li><li>The miss was primarily on account of weaker-than-expected performance of O&amp;G business</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Reliance Industries: Reliance Industries’ (RIL) consolidated Q3FY26 EBITDA stood at INR 460.18bn (+5.1% YoY, +0.3% QoQ), coming in below our estimateAPAT at INR 186.45bn (+0.6% YoY; +2.6% QoQ) also missed our estimatesThe miss was primarily on account of weaker-than-expected performance of O&amp;G businessContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

HSIE Results Daily: Reliance Industries, RBL Bank, Sobha

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)

Why Iran Is Striking the Gulf to Counter US and Israel?

Iran's ballistic missile strikes on US assets in GCC states threaten global oil transit and mark a shift in strategy towards leveraging regional...

Sudarshan Bhandari

India AI Impact Summit 2026: From "Back-Office" To "Sovereign AI Factory"

At India AI Impact Summit 2026, Reliance Industries and Tata Group unveil historic capex plans for sovereign AI, shifting India from AI consumer...

Nimish Maheshwari

US-Iran Conflict: An Opportunity or Threat for Indian Oil Companies?

US-Iran conflict sparks 16% crude surge, benefiting upstream extractors like Oil India Ltd but squeezing fuel retailers' margins. Geopolitical...

Nimish Maheshwari

MS-India Index Earning Revision (Sep): SWIGGY, HDFC Bank, Axis Bank, Reliance Industries

We analyzed MS-India's consensus for Sep 2026 and highlighted changes of EPS in SWIGGY, HDFC Bank, Axis Bank, Reliance Industries, Bharti Airtel,...

Ke Yan, CFA, FRM

HSIE Results Daily: Reliance Industries, RBL Bank, Sobha

Reliance Industries: Reliance Industries’ (RIL) consolidated Q3FY26 EBITDA stood at INR 460.18bn (+5.1% YoY, +0.3% QoQ), coming in below our estimate

HDFC Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Why Iran Is Striking the Gulf to Counter US and Israel?

​Iran's ballistic missile strikes on US assets in GCC states threaten global oil transit and mark a shift in strategy towards leveraging regional...

Sudarshan Bhandari

India AI Impact Summit 2026: From "Back-Office" To "Sovereign AI Factory"

​At India AI Impact Summit 2026, Reliance Industries and Tata Group unveil historic capex plans for sovereign AI, shifting India from AI consumer...

Nimish Maheshwari

US-Iran Conflict: An Opportunity or Threat for Indian Oil Companies?

​US-Iran conflict sparks 16% crude surge, benefiting upstream extractors like Oil India Ltd but squeezing fuel retailers' margins. Geopolitical...

Nimish Maheshwari

MS-India Index Earning Revision (Sep): SWIGGY, HDFC Bank, Axis Bank, Reliance Industries

We analyzed MS-India's consensus for Sep 2026 and highlighted changes of EPS in SWIGGY, HDFC Bank, Axis Bank, Reliance Industries, Bharti Airtel,...

Ke Yan, CFA, FRM

HSIE Results Daily: Reliance Industries, RBL Bank, Sobha

Reliance Industries: Reliance Industries’ (RIL) consolidated Q3FY26 EBITDA stood at INR 460.18bn (+5.1% YoY, +0.3% QoQ), coming in below our estimate

HDFC Securities

Iran's ballistic missile strikes on US assets in GCC states threaten global oil transit and mark a shift in strategy towards leveraging regional...

At India AI Impact Summit 2026, Reliance Industries and Tata Group unveil historic capex plans for sovereign AI, shifting India from AI consumer...

US-Iran conflict sparks 16% crude surge, benefiting upstream extractors like Oil India Ltd but squeezing fuel retailers' margins. Geopolitical...