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

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/vedanta-ltd" target="_blank" data-smartkarma-citation="entities:514:1" rel="noopener">Vedanta Ltd (VEDL IN)</a> will split into 5 independent listed entities: Vedanta Aluminium, Vedanta Oil &amp; Gas, Vedanta Power, Vedanta Iron &amp; Steel/Ferrous Materials, residual Vedanta Ltd (like zinc, silver). </li>
<li>Existing shareholders will receive one share in each of the 4 demerged entities for every one share held in Vedanta Ltd (1:1 ratio).</li>
<li>The Mumbai bench of NCLT approved Vedanta Ltd (VEDL IN) demerger plan on December 16 lead to streamline operations, improve management focus, and unlock shareholder value.</li>
</ul>



Vedanta Ltd (VEDL IN) will split into 5 independent listed entities: Vedanta Aluminium, Vedanta Oil &amp; Gas, Vedanta Power, Vedanta Iron &amp; Steel/Ferrous Materials, residual Vedanta Ltd (like zinc, silver). 
Existing shareholders will receive one share in each of the 4 demerged entities for every one share held in Vedanta Ltd (1:1 ratio).
The Mumbai bench of NCLT approved Vedanta Ltd (VEDL IN) demerger plan on December 16 lead to streamline operations, improve management focus, and unlock shareholder value.


Vedanta's Radical Split: 6 New Titans for a Post-Demerger World

Global Materials | Industrials | Commodities

Rahul Jain

Equity Bottom-Up

<ul>
<li>Growth: EBITDA mix improves as aluminium integration + captive coal lift margins, silver ramps, and zinc stays cash generative; deleveraging begins FY27 as cash flows strengthen.</li>
<li>Commodity Play: Positive leverage to aluminium, zinc, and silver prices; cost base falling, not rising — rare margin tailwind in a metals cycle.</li>
<li>Valuation + Yield: Trades cheap vs peers; rerating optionality + double-digit dividend yield provides downside protection with asymmetric upside.</li>
</ul>


Growth: EBITDA mix improves as aluminium integration + captive coal lift margins, silver ramps, and zinc stays cash generative; deleveraging begins FY27 as cash flows strengthen.
Commodity Play: Positive leverage to aluminium, zinc, and silver prices; cost base falling, not rising — rare margin tailwind in a metals cycle.
Valuation + Yield: Trades cheap vs peers; rerating optionality + double-digit dividend yield provides downside protection with asymmetric upside.


Vedanta: The Aluminium Transformation — Zinc Cash + Silver Power + O&G Optionality

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>RBI kept the policy rate unchanged and retained a neutral policy stance. But (in concert with MoF), a more conducive climate was created for foreign inflows into India's debt markets.  </li>
<li>Real GDP grew 7.8%YoY in Q4/FY26 with a current account surplus (0.7% of GDP). Our forecast for core CPI inflation is 4.2%, headline 4.8%, and no rate hikes in FY27.</li>
<li>With services (52% of the economy) growing 9%+, we expect real GDP to grow 7.3% in FY27, and strong net FDI and FPI inflows to bolster INR. Bullish. </li>
</ul>


RBI kept the policy rate unchanged and retained a neutral policy stance. But (in concert with MoF), a more conducive climate was created for foreign inflows into India's debt markets.  
Real GDP grew 7.8%YoY in Q4/FY26 with a current account surplus (0.7% of GDP). Our forecast for core CPI inflation is 4.2%, headline 4.8%, and no rate hikes in FY27.
With services (52% of the economy) growing 9%+, we expect real GDP to grow 7.3% in FY27, and strong net FDI and FPI inflows to bolster INR. Bullish. 


India: No Rate Hike in FY27, as Growth Slows a Tad and CAD Widens to 1% of GDP

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Thematic (Sector/Industry)

<ul>
<li>LME aluminium hit 4-year high near $3,670/t in April 2026, driven by West Asia smelter damage and the Strait of Hormuz blockade. Indian Producers are direct beneficiaries of Supply Shock.</li>
<li>All three Indian Producers rallied near Lifetime High. Nalco, Hindalco, and Vedanta posted all-time high profits but valuations have run well above 5-year averages</li>
<li>More a stock-picker's market now than a rising-tide trade. Vedanta's demerger, Nalco's expansion and Hindalco's downstream mix are the real differentiators,</li>
</ul>


LME aluminium hit 4-year high near $3,670/t in April 2026, driven by West Asia smelter damage and the Strait of Hormuz blockade. Indian Producers are direct beneficiaries of Supply Shock.
All three Indian Producers rallied near Lifetime High. Nalco, Hindalco, and Vedanta posted all-time high profits but valuations have run well above 5-year averages
More a stock-picker's market now than a rising-tide trade. Vedanta's demerger, Nalco's expansion and Hindalco's downstream mix are the real differentiators,


3 Indian Aluminium Companies that Will Benefit from Supply Shock!

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.</li>
<li>Here we have presented our expectations for these indices for the upcoming index rebal event in March 2027.</li>
<li>We see two changes for NIFTY 50 and five changes for NIFTY 100.</li>
</ul>


NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.
Here we have presented our expectations for these indices for the upcoming index rebal event in March 2027.
We see two changes for NIFTY 50 and five changes for NIFTY 100.


Quiddity Leaderboard NIFTY Mar27: Some High-Impact ADDs/DELs; ~US$1.3bn Combined One-Way Flow

India

Vedanta Limited is a leading global producer of metals, critical minerals, oil and gas, and technology. The company explores, extracts, and processes a diversified portfolio of resources including zinc, aluminum, copper, iron ore, and oil and gas. Vedanta Limited is headquartered in Mumbai, India, and was founded in 1979.

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Vedanta (VEDL US)

Vedanta's Radical Split: 6 New Titans for a Post-Demerger World

Vedanta Ltd (VEDL IN) to split into 5 independent listed entities, streamlining operations, improving focus, and unlocking shareholder value.

Nimish Maheshwari

Vedanta: The Aluminium Transformation — Zinc Cash + Silver Power + O&G Optionality

Article highlights positive growth prospects for a company due to improved EBITDA mix, commodity leverage, and attractive valuation with high...

Rahul Jain

India: No Rate Hike in FY27, as Growth Slows a Tad and CAD Widens to 1% of GDP

RBI maintains policy rate, focuses on attracting foreign inflows to debt markets. With Services growing 9%, RGDP to grow 7.3% in FY27, as...

Prasenjit K. Basu

3 Indian Aluminium Companies that Will Benefit from Supply Shock!

LME aluminium hits 4-year high due to supply shock in West Asia, benefiting Indian producers like Nalco, Hindalco, and Vedanta. Stock-pickers...

Sudarshan Bhandari

Quiddity Leaderboard NIFTY Mar27: Some High-Impact ADDs/DELs; ~US$1.3bn Combined One-Way Flow

We expect US$824mn and US$493mn one-way flows for NIFTY 50 and NIFTY Next 50 respectively. The NIFTY 50 expected ADDs/DELs have >8x ADV to trade.

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Vedanta's Radical Split: 6 New Titans for a Post-Demerger World

​Vedanta Ltd (VEDL IN) to split into 5 independent listed entities, streamlining operations, improving focus, and unlocking shareholder value.

Nimish Maheshwari

Vedanta: The Aluminium Transformation — Zinc Cash + Silver Power + O&G Optionality

​Article highlights positive growth prospects for a company due to improved EBITDA mix, commodity leverage, and attractive valuation with high...

Rahul Jain

India: No Rate Hike in FY27, as Growth Slows a Tad and CAD Widens to 1% of GDP

​RBI maintains policy rate, focuses on attracting foreign inflows to debt markets. With Services growing 9%, RGDP to grow 7.3% in FY27, as...

Prasenjit K. Basu

3 Indian Aluminium Companies that Will Benefit from Supply Shock!

​LME aluminium hits 4-year high due to supply shock in West Asia, benefiting Indian producers like Nalco, Hindalco, and Vedanta. Stock-pickers...

Sudarshan Bhandari

Quiddity Leaderboard NIFTY Mar27: Some High-Impact ADDs/DELs; ~US$1.3bn Combined One-Way Flow

We expect US$824mn and US$493mn one-way flows for NIFTY 50 and NIFTY Next 50 respectively. The NIFTY 50 expected ADDs/DELs have >8x ADV to trade.

Janaghan Jeyakumar, CFA

Vedanta Ltd (VEDL IN) to split into 5 independent listed entities, streamlining operations, improving focus, and unlocking shareholder value.

Article highlights positive growth prospects for a company due to improved EBITDA mix, commodity leverage, and attractive valuation with high...

RBI maintains policy rate, focuses on attracting foreign inflows to debt markets. With Services growing 9%, RGDP to grow 7.3% in FY27, as...

LME aluminium hits 4-year high due to supply shock in West Asia, benefiting Indian producers like Nalco, Hindalco, and Vedanta. Stock-pickers...