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

Equity Bottom-Up

<ul>
<li>Wipro has expanded its existing ServiceNow partnership to embed agentic AI workflows across four core functions: IT, HR, procurement, cybersecurity, integrating its proprietary Intelligence platform with the ServiceNow AI Platform.</li>
<li>This is Wipro's clearest attempt to convert AI hype into recurring, governed, outcome-linked contracts, precisely what investors demanding since company's flat-to-negative Q1 FY27 revenue-guidance rattled the street in April.</li>
<li>Is this a structural re-rating opportunity or is simply relief buying ahead of a buyback record date, and what the competitive chessboard looks like for Infosys, TCS, and Accenture.</li>
</ul>


Wipro has expanded its existing ServiceNow partnership to embed agentic AI workflows across four core functions: IT, HR, procurement, cybersecurity, integrating its proprietary Intelligence platform with the ServiceNow AI Platform.
This is Wipro's clearest attempt to convert AI hype into recurring, governed, outcome-linked contracts, precisely what investors demanding since company's flat-to-negative Q1 FY27 revenue-guidance rattled the street in April.
Is this a structural re-rating opportunity or is simply relief buying ahead of a buyback record date, and what the competitive chessboard looks like for Infosys, TCS, and Accenture.


Wipro X ServiceNow: When Agentic AI Stops Being a Pilot!

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

The S&amp;P 500 continues to hover below critical resistance at its 200-day moving average while market participants remain in a wait-and-see mode for new developments on U.S.-China trade and details on the latest border security proposal. At the same time, breadth improvements have extended to our Manufacturing Sector - a welcomed sight given its cyclical nature.  We are Upgrading Manufacturing to market weight from underweight. Our cap-weighted Manufacturing Sector has steadily improved in our RSR ranks due in large part to strength in Aerospace &amp; Defense Groups. In today’s report we highlight attractive Groups within Manufacturing and Technology..

The S&amp;P 500 continues to hover below critical resistance at its 200-day moving average while market participants remain in a wait-and-see mode for new developments on U.S.-China trade and details on the latest border security proposal. At the same time, breadth improvements have extended to our Manufacturing Sector - a welcomed sight given its cyclical nature.  We are Upgrading Manufacturing to market weight from underweight. Our cap-weighted Manufacturing Sector has steadily improved in our RSR ranks due in large part to strength in Aerospace &amp; Defense Groups. In today’s report we highlight attractive Groups within Manufacturing and Technology..

U.S. Equity Strategy: Upgrading Manufacturing Sector

Technology / Semiconductor / Internet Research

Nicolas Baratte

<ul>
<li>Nvidia stock price was down slightly yesterday, in response to stellar results and guidance. It probably reflects exhaustion after the SOXX’s ~60% rally in 2 months. </li>
<li>What about Software aka IGV ETF? Since end of March, the recovery has been a modest 20% with some stocks up more than 50%. A few stocks still look interesting. </li>
<li>Holding to the Hyperscalers has been 1) less volatile 2) more profitable than Software. The group is up 29% since end March ’26. </li>
</ul>


Nvidia stock price was down slightly yesterday, in response to stellar results and guidance. It probably reflects exhaustion after the SOXX’s ~60% rally in 2 months. 
What about Software aka IGV ETF? Since end of March, the recovery has been a modest 20% with some stocks up more than 50%. A few stocks still look interesting. 
Holding to the Hyperscalers has been 1) less volatile 2) more profitable than Software. The group is up 29% since end March ’26. 


SOXX, Hyperscalers and IGV. Slow Recovery in Software Names, a Few Catch-Up Opportunities

We continue to view the market as healthy in terms of breadth, although rotations are occurring at the margin which warrant minor tweaks to our overall theme of continued consolidation and heightened volatility. Also within our May Equity Strategy, we highlight opportunities within the Technology (Overweight), Financial (Overweight), and Energy (Market weight) Sectors.

We continue to view the market as healthy in terms of breadth, although rotations are occurring at the margin which warrant minor tweaks to our overall theme of continued consolidation and heightened volatility. Also within our May Equity Strategy, we highlight opportunities within the Technology (Overweight), Financial (Overweight), and Energy (Market weight) Sectors.

U.S. Equity Strategy: Upgrading Utilities, Downgrading Manufacturing

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

<ul>
<li>On April 15, 2026, Salesforce co-founder Parker Harris posed a question at the company’s annual TDX developer conference "why should you ever log into Salesforce again?"</li>
<li>This question marked the launch of Salesforce Headless 360, arguably the most significant architectural announcement the company has made in its 27-year history</li>
<li>Headless 360 makes Salesforce agnostic as to how work happens, charging for the work being done rather than the seats doing it. It's a bold move. Let's see...</li>
</ul>


On April 15, 2026, Salesforce co-founder Parker Harris posed a question at the company’s annual TDX developer conference "why should you ever log into Salesforce again?"
This question marked the launch of Salesforce Headless 360, arguably the most significant architectural announcement the company has made in its 27-year history
Headless 360 makes Salesforce agnostic as to how work happens, charging for the work being done rather than the seats doing it. It's a bold move. Let's see...


Salesforce Goes Headless. That's A Big Deal.

United States

ServiceNow, Inc. provides enterprise information technology (IT) management software. The Company designs, develops, and produces prepackaged computer software, cloud services, and IT service management platform. ServiceNow serves customers throughout the United States.

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Servicenow Inc (NOW US)

Wipro X ServiceNow: When Agentic AI Stops Being a Pilot!

Wipro expands ServiceNow partnership to integrate AI workflows in core functions, aiming to convert AI hype into recurring contracts amid investor...

Sudarshan Bhandari

U.S. Equity Strategy: Upgrading Manufacturing Sector

The S&P 500 continues to hover below critical resistance at its 200-day moving average while market participants remain in a wait-and-see mode...

Vermilion Research

SOXX, Hyperscalers and IGV. Slow Recovery in Software Names, a Few Catch-Up Opportunities

Nvidia stock dips after strong results, Software ETF lags behind, Hyperscalers outperform in recent market trends. 4 Software catch-up opportunities.

Nicolas Baratte

U.S. Equity Strategy: Upgrading Utilities, Downgrading Manufacturing

We continue to view the market as healthy in terms of breadth, although rotations are occurring at the margin which warrant minor tweaks to our...

Vermilion Research

Salesforce Goes Headless. That's A Big Deal.

Headless 360 makes Salesforce agnostic as to how work happens, charging for the work being done rather than the seats doing it. It's a bold move....

William Keating

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Wipro X ServiceNow: When Agentic AI Stops Being a Pilot!

​Wipro expands ServiceNow partnership to integrate AI workflows in core functions, aiming to convert AI hype into recurring contracts amid investor...

Sudarshan Bhandari

U.S. Equity Strategy: Upgrading Manufacturing Sector

The S&P 500 continues to hover below critical resistance at its 200-day moving average while market participants remain in a wait-and-see mode...

Vermilion Research

SOXX, Hyperscalers and IGV. Slow Recovery in Software Names, a Few Catch-Up Opportunities

​Nvidia stock dips after strong results, Software ETF lags behind, Hyperscalers outperform in recent market trends. 4 Software catch-up opportunities.

Nicolas Baratte

U.S. Equity Strategy: Upgrading Utilities, Downgrading Manufacturing

We continue to view the market as healthy in terms of breadth, although rotations are occurring at the margin which warrant minor tweaks to our...

Vermilion Research

Salesforce Goes Headless. That's A Big Deal.

Headless 360 makes Salesforce agnostic as to how work happens, charging for the work being done rather than the seats doing it. It's a bold move....

William Keating

Wipro expands ServiceNow partnership to integrate AI workflows in core functions, aiming to convert AI hype into recurring contracts amid investor...

Nvidia stock dips after strong results, Software ETF lags behind, Hyperscalers outperform in recent market trends. 4 Software catch-up opportunities.