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

Ishares Global Consumer Disc / Technical Analysis

<ul>
<li>We are seeing some positive signals that suggest the lows for this bear market may have already been established, or at the very least, that downside is limited from here.</li>
<li>Still, YTD downtrends remain intact on the global MSCI equity indexes, and we need to see reversals of their downtrends in order to get more constructive at the index level.</li>
<li>Cyclical Growth Sectors continue to gain momentum and we are upgrading the MSCI ACWI Technology, Consumer Discretionary, and Communication Services Sectors from underweight to market weight. Add exposure.</li>
</ul>


We are seeing some positive signals that suggest the lows for this bear market may have already been established, or at the very least, that downside is limited from here.
Still, YTD downtrends remain intact on the global MSCI equity indexes, and we need to see reversals of their downtrends in order to get more constructive at the index level.
Cyclical Growth Sectors continue to gain momentum and we are upgrading the MSCI ACWI Technology, Consumer Discretionary, and Communication Services Sectors from underweight to market weight. Add exposure.


Positive Signals; Growth Sectors Gaining Momentum; Buy Ideas Within Global Growth Sectors

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>NRB Bearings closed FY26 with consolidated PAT up 77% to Rs. 145.6 crore on revenue of Rs. 1,335 crore, and guided a fresh capacity and product cycle for FY27.</li>
<li>Brownfield expansion at Jalna and Chikalthana, an aerospace foothold via Mahant Toolroom, and a European JV mark NRB's shift from a pure auto-ancillary to a diversified friction-solutions player.</li>
<li>With capacity, certifications and customer programmes converging, FY27 is positioned as the year execution starts showing up in the numbers, worth tracking closely</li>
</ul>


NRB Bearings closed FY26 with consolidated PAT up 77% to Rs. 145.6 crore on revenue of Rs. 1,335 crore, and guided a fresh capacity and product cycle for FY27.
Brownfield expansion at Jalna and Chikalthana, an aerospace foothold via Mahant Toolroom, and a European JV mark NRB's shift from a pure auto-ancillary to a diversified friction-solutions player.
With capacity, certifications and customer programmes converging, FY27 is positioned as the year execution starts showing up in the numbers, worth tracking closely


NRB Bearing: Entering into High Barrier Electric Vehicle & Aerospace Business

iShares MSCI ACWI ETF / Technical Analysis

<ul>
<li>Market dynamics remain healthy and we are continuing to see signs that suggest global equities are entering a new broad-based bull market.</li>
<li>Led by strength from the US, the MSCI ACWI index (ACWI-US) recently broke out to new highs above the key $105.40 resistance level, a bullish sign for global equities.</li>
<li>Global sovereign yields have moved lower in recent weeks. We expect rates to find support near current levels, creating an opportunity to add to value Sectors.</li>
</ul>


Market dynamics remain healthy and we are continuing to see signs that suggest global equities are entering a new broad-based bull market.
Led by strength from the US, the MSCI ACWI index (ACWI-US) recently broke out to new highs above the key $105.40 resistance level, a bullish sign for global equities.
Global sovereign yields have moved lower in recent weeks. We expect rates to find support near current levels, creating an opportunity to add to value Sectors.


MSCI ACWI Breaking To New Highs; Buying Financials, Consumer Discretionary, Industrials, Materials

<p>The broad global indexes (MSCI ACWI, ACWI ex-US, and EAFE) have pulled back to test key intermediate-term supports, and we expect to see buyers step in near current levels. Market dynamics remain largely healthy and our outlook remains neutral yet constructive overall. We see this pullback as a buying opportunity, however breakdowns would be problematic and would suggest additional downside or consolidation is likely.</p>

The broad global indexes (MSCI ACWI, ACWI ex-US, and EAFE) have pulled back to test key intermediate-term supports, and we expect to see buyers step in near current levels. Market dynamics remain largely healthy and our outlook remains neutral yet constructive overall. We see this pullback as a buying opportunity, however breakdowns would be problematic and would suggest additional downside or consolidation is likely.

MSCI ACWI, ACWI Ex-US, EAFE Testing Key Supports; Buy Ideas in Financials, Materials, Industrials

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Schneider Electric Infrastructure / Equity Bottom-Up

Schneider Electric Infrastructure (SCHN IN)

<ul>
<li>SEIL closed FY26 with orders surging 27.4% YoY to Rs. 3,430 Cr and a 50% jump in order backlog, even as a commodity-hit Q4 compressed near-term profits.</li>
<li>New Vadodara switchgear and Kolkata breaker plants commissioning in FY27 will nearly 9x breaker capacity, unlocking revenue and margin expansion that current financials do not yet reflect.</li>
<li>FY26's muted PAT is a transition cost, not a structural break. FY27 capacity additions meeting a Rs. 3,400+ Cr order book is a classic inflection setup worth tracking closely.</li>
</ul>


SEIL closed FY26 with orders surging 27.4% YoY to Rs. 3,430 Cr and a 50% jump in order backlog, even as a commodity-hit Q4 compressed near-term profits.
New Vadodara switchgear and Kolkata breaker plants commissioning in FY27 will nearly 9x breaker capacity, unlocking revenue and margin expansion that current financials do not yet reflect.
FY26's muted PAT is a transition cost, not a structural break. FY27 capacity additions meeting a Rs. 3,400+ Cr order book is a classic inflection setup worth tracking closely.


Schneider Electric Infrastructure: An Electricity Demand Proxy in India!

India

Siemens Ltd. has its operations in various areas: in the transportation sector it delivers high speed trains, in the lighting sector it manufactures small light bulbs. In the healthcare sector Siemens executes complete solutions for hospitals, for the industry sector it builds airports as well as produces contracts & for the communication segment it provides public network to mobiles.

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Siemens Ltd (SIEM IN)

Positive Signals; Growth Sectors Gaining Momentum; Buy Ideas Within Global Growth Sectors

Starting to see positive signals that suggest downside is limited from here. Still, we need to see reversals of YTD downtrends on $ACWI $ACWX $EFA...

Vermilion Research

NRB Bearing: Entering into High Barrier Electric Vehicle & Aerospace Business

NRB Bearings reports strong FY26 results, plans for capacity expansion and diversification in FY27 to become a diversified friction-solutions player.

Sudarshan Bhandari

MSCI ACWI Breaking To New Highs; Buying Financials, Consumer Discretionary, Industrials, Materials

Global sovereign yields have moved lower in recent weeks. We expect rates to find support near current levels, and recommend adding exposure to...

Vermilion Research

MSCI ACWI, ACWI Ex-US, EAFE Testing Key Supports; Buy Ideas in Financials, Materials, Industrials

The MSCI ACWI (ACWI-US), ACWI ex-US (ACWX-US), and EAFE (EFA-US) are testing important intermediate-term support levels of $99, $54, and $76.50...

Vermilion Research

Schneider Electric Infrastructure: An Electricity Demand Proxy in India!

SEIL saw a strong increase in orders and backlog despite Q4 challenges, with upcoming plant expansions set to drive revenue and margin growth in...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Positive Signals; Growth Sectors Gaining Momentum; Buy Ideas Within Global Growth Sectors

Starting to see positive signals that suggest downside is limited from here. Still, we need to see reversals of YTD downtrends on $ACWI $ACWX $EFA...

Vermilion Research

NRB Bearing: Entering into High Barrier Electric Vehicle & Aerospace Business

​NRB Bearings reports strong FY26 results, plans for capacity expansion and diversification in FY27 to become a diversified friction-solutions player.

Sudarshan Bhandari

MSCI ACWI Breaking To New Highs; Buying Financials, Consumer Discretionary, Industrials, Materials

Global sovereign yields have moved lower in recent weeks. We expect rates to find support near current levels, and recommend adding exposure to...

Vermilion Research

MSCI ACWI, ACWI Ex-US, EAFE Testing Key Supports; Buy Ideas in Financials, Materials, Industrials

The MSCI ACWI (ACWI-US), ACWI ex-US (ACWX-US), and EAFE (EFA-US) are testing important intermediate-term support levels of $99, $54, and $76.50...

Vermilion Research

Schneider Electric Infrastructure: An Electricity Demand Proxy in India!

​SEIL saw a strong increase in orders and backlog despite Q4 challenges, with upcoming plant expansions set to drive revenue and margin growth in...

Nimish Maheshwari

NRB Bearings reports strong FY26 results, plans for capacity expansion and diversification in FY27 to become a diversified friction-solutions player.

SEIL saw a strong increase in orders and backlog despite Q4 challenges, with upcoming plant expansions set to drive revenue and margin growth in...