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

Event-Driven

<ul>
<li>It is important for investors to not get swayed by popular narratives and instead look at the data and historical patterns to make informed decisions. </li>
<li>While a large short position by FIIs may seem concerning, it could actually signal a potential opportunity for positive returns in the Nifty 50 index. </li>
<li>By understanding the reasons behind this contrarian move and the historical trends, investors can navigate bet when FII's short positions are high.</li>
</ul>


It is important for investors to not get swayed by popular narratives and instead look at the data and historical patterns to make informed decisions. 
While a large short position by FIIs may seem concerning, it could actually signal a potential opportunity for positive returns in the Nifty 50 index. 
By understanding the reasons behind this contrarian move and the historical trends, investors can navigate bet when FII's short positions are high.


FII's High Short Positions on Indian Markets : Crisis or Opportunity

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>RBI's failure to cut the policy rate at its last two policy meetings is a policy error. Although vegetables caused a headline-inflation spurt, core inflation moderated to 2.7%YoY in Sep'24. </li>
<li>High real interest rates have caused real GDP to decelerate to 6.7%YoY in Apr-Jun'24, and industrial output to decline in Aug'24. The policy error is hurting the economy. </li>
<li>Cleverer stance would be to take every opportunity to cut rates when headline inflation is at/below target. When vegetable prices hold policy hostage, it hits investor confidence. (Evidence: FX Reserves).  </li>
</ul>


RBI's failure to cut the policy rate at its last two policy meetings is a policy error. Although vegetables caused a headline-inflation spurt, core inflation moderated to 2.7%YoY in Sep'24. 
High real interest rates have caused real GDP to decelerate to 6.7%YoY in Apr-Jun'24, and industrial output to decline in Aug'24. The policy error is hurting the economy. 
Cleverer stance would be to take every opportunity to cut rates when headline inflation is at/below target. When vegetable prices hold policy hostage, it hits investor confidence. (Evidence: FX Reserves).  


India: Clear Policy Error Despite Food-Driven Spurt in Sep'24 Inflation

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hyundai-motor-co" target="_blank" data-smartkarma-citation="entities:155:1" rel="noopener">Hyundai Motor (005380 KS)</a> raised INR 279bn (US$3.3bn) by selling some of its stake in <a href="https://www.smartkarma.com/entities/hyundai-motor-india-ltd" target="_blank" data-smartkarma-citation="entities:40900:1" rel="noopener">Hyundai Motor India (1342Z IN)</a>, valuing Hyundai India at INR 1,593bn (US$18.95bn).</li>
<li>The anchor investor book was fully subscribed. The non-institutional and retail books were undersubscribed, so institutions got more stock. And that changes the free float estimates for one global index.</li>
<li>Even with the higher float, <a href="https://www.smartkarma.com/entities/hyundai-motor-india-ltd" target="_blank" data-smartkarma-citation="entities:40900:1" rel="noopener">Hyundai Motor India (1342Z IN)</a> is unlikely to get Fast Entry to one global index later this month. Index inclusions should commence in February 2025.</li>
</ul>



Hyundai Motor (005380 KS) raised INR 279bn (US$3.3bn) by selling some of its stake in Hyundai Motor India (1342Z IN), valuing Hyundai India at INR 1,593bn (US$18.95bn).
The anchor investor book was fully subscribed. The non-institutional and retail books were undersubscribed, so institutions got more stock. And that changes the free float estimates for one global index.
Even with the higher float, Hyundai Motor India (1342Z IN) is unlikely to get Fast Entry to one global index later this month. Index inclusions should commence in February 2025.


Hyundai Motor India IPO: How Far to Fast Entry?

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Thematic (Sector/Industry)

<ul>
<li>Precious Metals and the associated equities have been a high-conviction investment idea for us in 2024</li>
<li>Gold is up 32% YTD and a representative index of gold miners is up 39%</li>
<li>Should we take the money and run? Is it over?</li>
</ul>


Precious Metals and the associated equities have been a high-conviction investment idea for us in 2024
Gold is up 32% YTD and a representative index of gold miners is up 39%
Should we take the money and run? Is it over?


As Good as Gold – Take the Money and Run?

Cross Asset Strategy

<ul>
<li>Are we witnessing a short-term carry-trade unwind or trend change?</li>
<li>JPY's strength and overall market weakness continue to go hand in hand.</li>
<li>Any near-term bounce  be used to reduce exposure in certain sectors</li>
</ul>


Are we witnessing a short-term carry-trade unwind or trend change?
JPY's strength and overall market weakness continue to go hand in hand.
Any near-term bounce  be used to reduce exposure in certain sectors


Nowhere to Run to Baby, Nowhere to Hide! Part 1

India

The S&P BSE Sensex Index is a cap-weighted index. The index members have been selected on the basis of liquidity, depth, and floating-stock-adjustment depth and industry representation. Sensex has a base date and value of 100 in 1978-1979. The Index shifted to free-float methodology since 09/01/03. Please see {SNSXOLD Index <GO>} for mid-month options.

S&P BSE SENSEX Index (SENSEX INDEX EQUITY)

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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S&P BSE SENSEX Index (SENSEX INDEX EQUITY)

FII's High Short Positions on Indian Markets : Crisis or Opportunity

Significant short positions by FiIs have historically been followed by positive returns in the Nifty 50 index. Also the current FII short position...

Nimish Maheshwari

India: Clear Policy Error Despite Food-Driven Spurt in Sep'24 Inflation

Veg prices can't be controlled by monetary policy, so RBI should've cut rates in Aug & Oct'24, with core & headline inflation below target. Policy...

Prasenjit K. Basu

Hyundai Motor India IPO: How Far to Fast Entry?

Hyundai India sold shares worth US$3.3bn in its IPO valuing the company at US$19bn. Grey market indicates a 3-5% higher opening today. Fast Entry...

Brian Freitas

As Good as Gold – Take the Money and Run?

2024 has been a strong year for precious metals and associated equities, with gold up 32% YTD and gold miners up 39%. The question now is whether...

Rikki Malik

Nowhere to Run to Baby, Nowhere to Hide! Part 1

Given the short-term oversold conditions in the Nikkei and Topix, we would take some profits on any shorts in anticipation of a bounce and get...

Rikki Malik

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

FII's High Short Positions on Indian Markets : Crisis or Opportunity

Significant short positions by FiIs have historically been followed by positive returns in the Nifty 50 index. Also the current FII short position...

Nimish Maheshwari

India: Clear Policy Error Despite Food-Driven Spurt in Sep'24 Inflation

Veg prices can't be controlled by monetary policy, so RBI should've cut rates in Aug & Oct'24, with core & headline inflation below target. Policy...

Prasenjit K. Basu

Hyundai Motor India IPO: How Far to Fast Entry?

Hyundai India sold shares worth US$3.3bn in its IPO valuing the company at US$19bn. Grey market indicates a 3-5% higher opening today. Fast Entry...

Brian Freitas

As Good as Gold – Take the Money and Run?

​2024 has been a strong year for precious metals and associated equities, with gold up 32% YTD and gold miners up 39%. The question now is whether...

Rikki Malik

Nowhere to Run to Baby, Nowhere to Hide! Part 1

Given the short-term oversold conditions in the Nikkei and Topix, we would take some profits on any shorts in anticipation of a bounce and get...

Rikki Malik

2024 has been a strong year for precious metals and associated equities, with gold up 32% YTD and gold miners up 39%. The question now is whether...