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>Global fiber optic cable demand is entering a structural upcycle driven by 5G densification, AI data center buildouts, and national broadband mandates. </li>
<li>Three domestic manufacturers, <a href="https://www.smartkarma.com/entities/sterlite-technologies-ltd" target="_blank" data-smartkarma-citation="entities:10121:1" rel="noopener">Sterlite Technologies (SOTL IN)</a>, <a href="https://www.smartkarma.com/entities/hfcl-ltd" target="_blank" data-smartkarma-citation="entities:1386:1" rel="noopener">HFCL Ltd (HMFC IN)</a>, and <a href="https://www.smartkarma.com/entities/finolex-cables-ltd" target="_blank" data-smartkarma-citation="entities:11606:1" rel="noopener">Finolex Cables (FNXC IN)</a>, are positioned directly in the path of this demand surge.</li>
<li>The India OFC story is early-cycle, policy-backed, and supply-constrained. With BharatNet Phase III, 5G backhaul demand, AI-driven data center, the next 36-months could be defining for Indian fiber cable manufacturers.</li>
</ul>


Global fiber optic cable demand is entering a structural upcycle driven by 5G densification, AI data center buildouts, and national broadband mandates. 
Three domestic manufacturers, Sterlite Technologies (SOTL IN), HFCL Ltd (HMFC IN), and Finolex Cables (FNXC IN), are positioned directly in the path of this demand surge.
The India OFC story is early-cycle, policy-backed, and supply-constrained. With BharatNet Phase III, 5G backhaul demand, AI-driven data center, the next 36-months could be defining for Indian fiber cable manufacturers.


Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

<ul>
<li>Just 14 companies reported insider acquisitions in July2026. Aggregate transaction value was just INR280 million—a materially lower absolute figure than June 2026(INR 6 billion),largely because July being a silent period.</li>
<li>We highlight large and small cap companies that experienced significant insider buying during July 2026, as reported on the stock exchanges.</li>
<li>We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.</li>
</ul>


Just 14 companies reported insider acquisitions in July2026. Aggregate transaction value was just INR280 million—a materially lower absolute figure than June 2026(INR 6 billion),largely because July being a silent period.
We highlight large and small cap companies that experienced significant insider buying during July 2026, as reported on the stock exchanges.
We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.


Insider Activity: Who Bought Their Own Stock in July 2026 ?

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

<ul>
<li>FY26 revenue fell to Rs.1,103 crore from Rs.8,923 crore in FY25, with a full-year net loss of Rs.909 crore as the BSNL 4G supply cycle wound down.</li>
<li>The order book climbed 49% YoY to Rs. 1,514 crore, but Rs. 3,531 crore of net debt means execution speed, not order wins, now decides solvency.</li>
<li>Wireless exports and BharatNet routers are the two levers management is pulling: whether they scale fast enough is the thesis worth stress-testing.</li>
</ul>


FY26 revenue fell to Rs.1,103 crore from Rs.8,923 crore in FY25, with a full-year net loss of Rs.909 crore as the BSNL 4G supply cycle wound down.
The order book climbed 49% YoY to Rs. 1,514 crore, but Rs. 3,531 crore of net debt means execution speed, not order wins, now decides solvency.
Wireless exports and BharatNet routers are the two levers management is pulling: whether they scale fast enough is the thesis worth stress-testing.


Tejas Networks: Tata Group's Research Company, Beyond Bharatnet!

<ul>
<li>Insider Activity started picking up in the month of May 2026, as the results season was coming to an end.</li>
<li>We highlight large and small cap companies that experienced significant insider buying during May 2026, as reported on the stock exchanges.</li>
<li>We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.</li>
</ul>


Insider Activity started picking up in the month of May 2026, as the results season was coming to an end.
We highlight large and small cap companies that experienced significant insider buying during May 2026, as reported on the stock exchanges.
We also present key sectors which saw insider buying during the month along with names which have moved significantly above the insider buying price.


Insider Activity: Who Bought Their Own Stock in May 2026

Power Grid Corporation of India / Equity Bottom-Up

Power Grid Corporation of India (PWGR IN)

<ul>
<li>Play India's largest electric power transmission company, a structural proxy to accelerating power demand, a 500 GW renewable build-out, and a multi-decade capex supercycle.</li>
<li>India's electricity demand is growing at 6.4% annually through 2030. PGCIL controls 84% of inter-regional transmission capacity, making it the unavoidable beneficiary of both demand and renewable grid-integration spending.</li>
<li>Execution on INR 1.5 lakh crore of WIP and a recovery in capitalization from the FY25 miss are the two variables that separate a re-rating from continued underperformance versus Nifty.</li>
</ul>


Play India's largest electric power transmission company, a structural proxy to accelerating power demand, a 500 GW renewable build-out, and a multi-decade capex supercycle.
India's electricity demand is growing at 6.4% annually through 2030. PGCIL controls 84% of inter-regional transmission capacity, making it the unavoidable beneficiary of both demand and renewable grid-integration spending.
Execution on INR 1.5 lakh crore of WIP and a recovery in capitalization from the FY25 miss are the two variables that separate a re-rating from continued underperformance versus Nifty.


PowerGrid (PGCIL): India's Indispensable Grid Operator!

India

Sterlite Technologies is an Indian optical and digital technology company that designs, manufactures, and provides advanced optical and digital solutions to build 5G, rural, FTTx, enterprise, and data center networks. The company specializes in optical fiber, cables, and interconnect products, and also offers network services and software. Headquartered in Pune, India, the company was founded in 1988.

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Sterlite Technologies (SOTL IN)

Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...

Nimish Maheshwari

Insider Activity: Who Bought Their Own Stock in July 2026 ?

The last week of August (after the results season and silent period got completed) saw buying from Nava Ltd, Thangamayil Jewellery(multiple...

Sreemant Dudhoria

Tejas Networks: Tata Group's Research Company, Beyond Bharatnet!

BSNL's FY26 revenue plummeted due to 4G supply cycle end, with net loss of Rs.909 crore. Order book up, but high debt means execution speed...

Sudarshan Bhandari

Insider Activity: Who Bought Their Own Stock in May 2026

Insider buying activity increased in May 2026 as earnings season wrapped up, with focus on companies and sectors with significant insider...

Sreemant Dudhoria

PowerGrid (PGCIL): India's Indispensable Grid Operator!

Invest in PGCIL for exposure to India's growing electricity demand, renewable energy build-out, and capex supercycle, with potential for re-rating...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Optical Fiber Cable, 5G, and AI: The 3-Wave Demand Surge for India's Cable Manufacturers

​Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...

Nimish Maheshwari

Insider Activity: Who Bought Their Own Stock in July 2026 ?

The last week of August (after the results season and silent period got completed) saw buying from Nava Ltd, Thangamayil Jewellery(multiple...

Sreemant Dudhoria

Tejas Networks: Tata Group's Research Company, Beyond Bharatnet!

​BSNL's FY26 revenue plummeted due to 4G supply cycle end, with net loss of Rs.909 crore. Order book up, but high debt means execution speed...

Sudarshan Bhandari

Insider Activity: Who Bought Their Own Stock in May 2026

​Insider buying activity increased in May 2026 as earnings season wrapped up, with focus on companies and sectors with significant insider...

Sreemant Dudhoria

PowerGrid (PGCIL): India's Indispensable Grid Operator!

​Invest in PGCIL for exposure to India's growing electricity demand, renewable energy build-out, and capex supercycle, with potential for re-rating...

Nimish Maheshwari

Global fiber optic cable demand is on the rise due to 5G, AI data centers, and national broadband mandates, benefiting Indian manufacturers like...

BSNL's FY26 revenue plummeted due to 4G supply cycle end, with net loss of Rs.909 crore. Order book up, but high debt means execution speed...

Insider buying activity increased in May 2026 as earnings season wrapped up, with focus on companies and sectors with significant insider...

Invest in PGCIL for exposure to India's growing electricity demand, renewable energy build-out, and capex supercycle, with potential for re-rating...