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

We continue to be encouraged by market dynamics that are supportive of an ongoing equity bull market. Additionally, there continues to be an absence of breakdowns on the major global indexes (MSCI ACWI, ACWI ex-US, EM, &amp; EAFE). As a result, our outlook remains bullish.  In this report we show some love to various Sectors that have not been big attention-grabbers for us in recent months, but still have plenty of attractive stocks. The stocks highlighted hail from a variety of countries. Sectors covered include Services, Communications, Staples, Financials, and Utilities.

We continue to be encouraged by market dynamics that are supportive of an ongoing equity bull market. Additionally, there continues to be an absence of breakdowns on the major global indexes (MSCI ACWI, ACWI ex-US, EM, &amp; EAFE). As a result, our outlook remains bullish.  In this report we show some love to various Sectors that have not been big attention-grabbers for us in recent months, but still have plenty of attractive stocks. The stocks highlighted hail from a variety of countries. Sectors covered include Services, Communications, Staples, Financials, and Utilities.

Global Equity Strategy: Market Dynamics Remain Positive, And So Are We

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>BSE SENSEX represents the 30 largest stocks listed in the Bombay Stock Exchange (BSE) in India.</li>
<li>In this insight, we take a look at the Potential ADDs/DELs for the BSE SENSEX index for the December 2026 index rebal event.</li>
<li>As things stand, there could be one index change for the BSE SENSEX index in December 2026.</li>
</ul>


BSE SENSEX represents the 30 largest stocks listed in the Bombay Stock Exchange (BSE) in India.
In this insight, we take a look at the Potential ADDs/DELs for the BSE SENSEX index for the December 2026 index rebal event.
As things stand, there could be one index change for the BSE SENSEX index in December 2026.


Quiddity Leaderboard BSE ​​​​SENSEX Dec26: One Change Highly Likely; Room for One More Too

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

ASA Capital Management

ASA Capital Management is a boutique Research and Investment Advisory firm focusing on primary research in India. ASA provides bespoke research services to Institutional Clients with a focus on due diligence backed with primary research, Field Trips & Channel Checks.

Thematic (Sector/Industry)

This tracker provides important data points released for the month of April / May 2020. For more information on the data tracker please refer to our insight <a href="https://www.smartkarma.com/insights/alternative-data-india-consumer-tracking-recovery-if-and-when-it-comes" target="_blank" data-smartkarma-citation="insights:39289" rel="noopener">Alternative Data | India Consumer - Tracking Recovery if and when It Comes</a>.
Our high-frequency and alternative indicators do indicate a gradual uptick but still far below normal levels when it comes to consumer spending. There is high uncertainty regarding current employment, Rural India is expected to lead growth. 
<div class="content-highlight">
The data tracker is a joint initiative done along with insight provider <a href="https://www.smartkarma.com/profiles/nitin-mangal" target="_blank" data-smartkarma-citation="accounts:1988" rel="noopener">Nitin Mangal.</a>
</div>

This tracker provides important data points released for the month of April / May 2020. For more information on the data tracker please refer to our insight Alternative Data | India Consumer - Tracking Recovery if and when It Comes.
Our high-frequency and alternative indicators do indicate a gradual uptick but still far below normal levels when it comes to consumer spending. There is high uncertainty regarding current employment, Rural India is expected to lead growth. 

The data tracker is a joint initiative done along with insight provider Nitin Mangal.


Alternative Data | India Consumer Tracker - Rural India to Lead Growth

Our Channel checks for the Indian F&amp;B (Food and Beverage Industry) indicate changing consumer behaviour along with a change in market structure which could accelerate due to the current COVID-19 crisis. Interesting investment opportunities would include organised F&amp;B brands, delivery aggregators and also digital payment providers.

Our Channel checks for the Indian F&amp;B (Food and Beverage Industry) indicate changing consumer behaviour along with a change in market structure which could accelerate due to the current COVID-19 crisis. Interesting investment opportunities would include organised F&amp;B brands, delivery aggregators and also digital payment providers. 

India F&B | Channel Checks Indicate Market Share Gains for Organised Players Post COVID-19

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

SBI Funds Management / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sbi-funds-management-ltd" target="_blank" data-smartkarma-citation="entities:48001:1" rel="noopener">SBI Funds Management</a> is looking to raise about US$1.5bn in its upcoming India IPO.</li>
<li>SBI Funds Management is an asset management company(AMC) involved in managing mutual funds, providing portfolio management services, managing alternative investment funds and ETFs, and providing advisory services to offshore clients.</li>
<li>In this note, we look at the company’s past performance.</li>
</ul>



SBI Funds Management is looking to raise about US$1.5bn in its upcoming India IPO.
SBI Funds Management is an asset management company(AMC) involved in managing mutual funds, providing portfolio management services, managing alternative investment funds and ETFs, and providing advisory services to offshore clients.
In this note, we look at the company’s past performance.


Aequitas: SBI Funds Management Pre-IPO -Parent’s Network Helps but Some Fees Are Very Low

India

SBI Card is an Indian non-banking financial company that specializes in issuing credit cards and providing related payment services to individual and corporate customers. It offers a diverse portfolio of credit cards, including lifestyle, rewards, travel & fuel, and banking partnership cards, along with corporate card solutions. The company was founded in 1998 as a joint venture and is headquartered in Gurugram, India.

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SBI Card (SBICARD IN)

Global Equity Strategy: Market Dynamics Remain Positive, And So Are We

We show some love to various Sectors that have not been big attention-grabbers for us in recent months, including Services, Communications,...

Vermilion Research

Quiddity Leaderboard BSE SENSEX Dec26: One Change Highly Likely; Room for One More Too

We see at least one change. However, there could be more changes, if the top potential DEL Tech Mahindra underperforms other names in the next few...

Janaghan Jeyakumar, CFA

Alternative Data | India Consumer Tracker - Rural India to Lead Growth

This tracker provides important data points released for the month of April / May 2020. For more information on the data tracker please refer to...

Pranav Bhavsar

Aequitas: SBI Funds Management Pre-IPO -Parent’s Network Helps but Some Fees Are Very Low

SBI Funds Management is looking to raise about US$1.5bn in its upcoming India IPO. In this note, we talk about the company's past performance.

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global Equity Strategy: Market Dynamics Remain Positive, And So Are We

We show some love to various Sectors that have not been big attention-grabbers for us in recent months, including Services, Communications,...

Vermilion Research

Quiddity Leaderboard BSE ​​​​SENSEX Dec26: One Change Highly Likely; Room for One More Too

We see at least one change. However, there could be more changes, if the top potential DEL Tech Mahindra underperforms other names in the next few...

Janaghan Jeyakumar, CFA

Alternative Data | India Consumer Tracker - Rural India to Lead Growth

This tracker provides important data points released for the month of April / May 2020. For more information on the data tracker please refer to...

Pranav Bhavsar

India F&B | Channel Checks Indicate Market Share Gains for Organised Players Post COVID-19

Our Channel checks for the Indian F&B (Food and Beverage Industry) indicate changing consumer behaviour along with a change in market structure...

Pranav Bhavsar

Aequitas: SBI Funds Management Pre-IPO -Parent’s Network Helps but Some Fees Are Very Low

SBI Funds Management is looking to raise about US$1.5bn in its upcoming India IPO. In this note, we talk about the company's past performance.

Sumeet Singh

Quiddity Leaderboard BSE SENSEX Dec26: One Change Highly Likely; Room for One More Too