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>Reduction of personal income tax can lead to an additional aggregate income of INR 1 Lakh crores, which can create additional consumption of INR 5 lakh crores; uplifting GDP.</li>
<li>USA and China are the good cases studies where such kind of consumption boom happened</li>
<li>With India at inflection point of $2000 GDP, discretionary consumption set for boom.</li>
</ul>


Reduction of personal income tax can lead to an additional aggregate income of INR 1 Lakh crores, which can create additional consumption of INR 5 lakh crores; uplifting GDP.
USA and China are the good cases studies where such kind of consumption boom happened
With India at inflection point of $2000 GDP, discretionary consumption set for boom.


Thematic Report: Cut in Personal Taxes Can Lead to Surge in Consumption & GDP Growth

<ul>
<li>RBI has recently lowered its key repo rate by 25 basis points to 6.25%. This is the first such reduction since May 2020, aiming to revive the economy. </li>
<li>Nifty 50 index has shown an average absolute return of approximately 38% during four cycles of Interest rates easing in the past 2 decades.</li>
<li>Positive for banking, real estate, and auto sectors. The Indian economy will likely see higher consumer spending, increased investment, and credit growth, supporting GDP expansion.</li>
</ul>


RBI has recently lowered its key repo rate by 25 basis points to 6.25%. This is the first such reduction since May 2020, aiming to revive the economy. 
Nifty 50 index has shown an average absolute return of approximately 38% during four cycles of Interest rates easing in the past 2 decades.
Positive for banking, real estate, and auto sectors. The Indian economy will likely see higher consumer spending, increased investment, and credit growth, supporting GDP expansion.


RBI Eases Repo-Rates: A Look at the Impact on the Indian Economy

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>Following their inclusion in the F&amp;O segment in November, <a href="https://www.smartkarma.com/entities/zomato-ltd" target="_blank" data-smartkarma-citation="entities:28820:1" rel="noopener">Zomato (ZOMATO IN)</a> and <a href="https://www.smartkarma.com/entities/jio-financial-services-limited" target="_blank" data-smartkarma-citation="entities:40042:1" rel="noopener">Jio Financial Services (JIOFIN IN)</a> appear to be sure-shot inclusions to the <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY Index</a> in March.</li>
<li>
<a href="https://www.smartkarma.com/entities/bharat-petroleum-corp-ltd" target="_blank" data-smartkarma-citation="entities:10222:1" rel="noopener">Bharat Petroleum Corp (BPCL IN)</a> is a certain deletion from the index. <a href="https://www.smartkarma.com/entities/britannia-industries-ltd" target="_blank" data-smartkarma-citation="entities:16495:1" rel="noopener">Britannia Industries</a>' average free-float market cap is less than 0.004% below <a href="https://www.smartkarma.com/entities/hero-motocorp-ltd" target="_blank" data-smartkarma-citation="entities:2391:1" rel="noopener">Hero Motocorp</a>'s. It's very close.</li>
<li>Passive trackers need to trade between 3.7-11.8 days of ADV on the stocks. The impact increases significantly to between 8.4-21.8 days of delivery volume to trade on the stocks.</li>
</ul>


Following their inclusion in the F&amp;O segment in November, Zomato (ZOMATO IN) and Jio Financial Services (JIOFIN IN) appear to be sure-shot inclusions to the NIFTY Index in March.

Bharat Petroleum Corp (BPCL IN) is a certain deletion from the index. Britannia Industries' average free-float market cap is less than 0.004% below Hero Motocorp's. It's very close.
Passive trackers need to trade between 3.7-11.8 days of ADV on the stocks. The impact increases significantly to between 8.4-21.8 days of delivery volume to trade on the stocks.


NIFTY50 Index Rebalance Preview: Adds Secure; Tight Among the Deletes

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

Rikki Malik

<ul>
<li>Gold continues to make new highs to little, if any fanfare</li>
<li>Traditional drivers of gold like lower real rates and a weaker dollar yet to come into play</li>
<li>What does this mean for the precious metals mining sector and is it time to buy?</li>
</ul>


Gold continues to make new highs to little, if any fanfare
Traditional drivers of gold like lower real rates and a weaker dollar yet to come into play
What does this mean for the precious metals mining sector and is it time to buy?


What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!

Event-Driven

<ul>
<li>In November 2020, HT Global IT Solutions acquired all the shares it did not own in <a href="https://www.smartkarma.com/entities/hexaware-technologies-ltd" target="_blank" data-smartkarma-citation="entities:7882:1" rel="noopener">Hexaware Technologies (HEXW IN)</a> and delisted the stock from the <a href="https://www.smartkarma.com/entities/national-stock-exchange" target="_blank" data-smartkarma-citation="entities:23751:1" rel="noopener">NSE</a> and <a href="https://www.smartkarma.com/entities/bombay-stock-exchange" target="_blank" data-smartkarma-citation="entities:23694:1" rel="noopener">BSE</a>.</li>
<li>Now, <a href="https://www.smartkarma.com/entities/carlyle-group-inc-the" target="_blank" data-smartkarma-citation="entities:33402:1" rel="noopener">Carlyle Group</a> is looking to raise INR 87.5bn by selling stock at a price range of INR 674-708/share, valuing <a href="https://www.smartkarma.com/entities/hexaware-technologies-ltd" target="_blank" data-smartkarma-citation="entities:7882:1" rel="noopener">Hexaware Technologies (HEXW IN)</a> at US$4.8bn.</li>
<li>The stock will not get Fast Entry to global indices. Inclusion at regular rebalances should take place in May and September, though the impact will be limited.</li>
</ul>


In November 2020, HT Global IT Solutions acquired all the shares it did not own in Hexaware Technologies (HEXW IN) and delisted the stock from the NSE and BSE.
Now, Carlyle Group is looking to raise INR 87.5bn by selling stock at a price range of INR 674-708/share, valuing Hexaware Technologies (HEXW IN) at US$4.8bn.
The stock will not get Fast Entry to global indices. Inclusion at regular rebalances should take place in May and September, though the impact will be limited.


Hexaware Technologies IPO: Delisted in 2020; Now Looking to Raise US$1bn

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
P/E	0.00
Dividend (Yield)	0.00

S&P BSE SENSEX Index (SENSEX INDEX EQUITY)

Thematic Report: Cut in Personal Taxes Can Lead to Surge in Consumption & GDP Growth

Reduction in personal income tax can potentially boost India's GDP by creating additional consumption and following the examples of USA and China.

Nimish Maheshwari

RBI Eases Repo-Rates: A Look at the Impact on the Indian Economy

RBI cuts repo rate to 6.25% to boost economy, Nifty 50 index historically shows 38% return during rate easing cycles, positive outlook for...

Nimish Maheshwari

NIFTY50 Index Rebalance Preview: Adds Secure; Tight Among the Deletes

Zomato and JioFin should replace BPCL and Britannia in March. Hero Motors just avoids deletion for now. Passives need to trade 3.7-11.8x ADV (8.4...

Brian Freitas

What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!

Gold is reaching new highs without much attention, traditional drivers like low real rates and a weak dollar have not impacted yet. What does this...

Rikki Malik

Hexaware Technologies IPO: Delisted in 2020; Now Looking to Raise US$1bn

Hexaware delisted in 2020. Now, Carlyle is looking to sell stock worth INR 87.5bn and relist Hexaware. The mid-point of the INR 674-708/share range...

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Thematic Report: Cut in Personal Taxes Can Lead to Surge in Consumption & GDP Growth

​Reduction in personal income tax can potentially boost India's GDP by creating additional consumption and following the examples of USA and China.

Nimish Maheshwari

RBI Eases Repo-Rates: A Look at the Impact on the Indian Economy

​RBI cuts repo rate to 6.25% to boost economy, Nifty 50 index historically shows 38% return during rate easing cycles, positive outlook for...

Nimish Maheshwari

NIFTY50 Index Rebalance Preview: Adds Secure; Tight Among the Deletes

Zomato and JioFin should replace BPCL and Britannia in March. Hero Motors just avoids deletion for now. Passives need to trade 3.7-11.8x ADV (8.4...

Brian Freitas

What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!

​Gold is reaching new highs without much attention, traditional drivers like low real rates and a weak dollar have not impacted yet. What does this...

Rikki Malik

Hexaware Technologies IPO: Delisted in 2020; Now Looking to Raise US$1bn

Hexaware delisted in 2020. Now, Carlyle is looking to sell stock worth INR 87.5bn and relist Hexaware. The mid-point of the INR 674-708/share range...

Brian Freitas

Reduction in personal income tax can potentially boost India's GDP by creating additional consumption and following the examples of USA and China.

RBI cuts repo rate to 6.25% to boost economy, Nifty 50 index historically shows 38% return during rate easing cycles, positive outlook for...

Gold is reaching new highs without much attention, traditional drivers like low real rates and a weak dollar have not impacted yet. What does this...