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>On April 20, <a href="https://www.smartkarma.com/entities/vedanta-ltd" target="_blank" data-smartkarma-citation="entities:514:1" rel="noopener">Vedanta Ltd (VEDL IN)</a> fixed May 1 as the definitive record date to split its conglomerate into 5 independent listed entities. </li>
<li>This strategic split is expertly designed to eliminate the conglomerate discount, streamline corporate structures, and unlock targeted value across specific verticals. </li>
<li>
Key risks include entity listing delays deferring passive flows, commodity price cyclicality, and unresolved legal friction regarding the TSPL scheme.</li>
</ul>


On April 20, Vedanta Ltd (VEDL IN) fixed May 1 as the definitive record date to split its conglomerate into 5 independent listed entities. 
This strategic split is expertly designed to eliminate the conglomerate discount, streamline corporate structures, and unlock targeted value across specific verticals. 

Key risks include entity listing delays deferring passive flows, commodity price cyclicality, and unresolved legal friction regarding the TSPL scheme.


Vedanta Demerger: Unlocking Value Through Strategic Pure-Plays

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

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.</li>
<li>In our prior Int'l Compass (Oct. 16) we discussed how the pullback was testing the uptrend, and we were buyers; this worked out well with indexes back at all-time highs.</li>
<li>Taiwan, China, Korea, and the U.S. remain our only overweights, but India is becoming more attractive as well -- add selective exposure. Many buy ideas highlighted in these countries.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.
In our prior Int'l Compass (Oct. 16) we discussed how the pullback was testing the uptrend, and we were buyers; this worked out well with indexes back at all-time highs.
Taiwan, China, Korea, and the U.S. remain our only overweights, but India is becoming more attractive as well -- add selective exposure. Many buy ideas highlighted in these countries.


India Finally Showing Signs of Life; Remain Overweight Taiwan, China, Korea, and the U.S.

Thematic (Sector/Industry)

<ul>
<li>The aluminum market is experiencing tight supply, rising premiums, and increasing demand driven by infrastructure and clean energy projects. LME prices have surged 7-8%, indicating a structural shift.</li>
<li>
Higher aluminum prices and regional premiums are positively impacting earnings. Key producers like Hindalco are benefiting from strong operations, cost efficiencies, and favorable market conditions.</li>
<li>Sustained supply constraints and rising premiums, especially from China’s cuts, are expected to drive LME prices higher, ensuring robust growth for Hindalco in the medium term.</li>
</ul>


The aluminum market is experiencing tight supply, rising premiums, and increasing demand driven by infrastructure and clean energy projects. LME prices have surged 7-8%, indicating a structural shift.

Higher aluminum prices and regional premiums are positively impacting earnings. Key producers like Hindalco are benefiting from strong operations, cost efficiencies, and favorable market conditions.
Sustained supply constraints and rising premiums, especially from China’s cuts, are expected to drive LME prices higher, ensuring robust growth for Hindalco in the medium term.


Thematic Report: Aluminum's Growth Story- Investing in the Future of Essential Metals

Global Materials | Industrials | Commodities

Rahul Jain

<ul>
<li>Cycle Leaders: Gold, silver, copper, and aluminium outperform on safe-haven demand, supply tightness, and firm regional premiums, while ferrous, nickel, and coal lag on China weakness.</li>
<li>Equity Positioning: Focus on Zijin, Shandong, Chifeng, BRMS (gold); Hindustan Zinc, Vedanta, Dowa, Korea Zinc (silver/zinc); Sumitomo, JX Advanced, Mitsubishi Materials, Hongqiao, Vedanta (copper/aluminium).</li>
<li>Corporate Actions: Zijin Gold IPO, Anglo–Teck merger, and BHP’s copper sale highlight accelerating sector consolidation, driving investor rotation toward gold and copper scale.</li>
</ul>


Cycle Leaders: Gold, silver, copper, and aluminium outperform on safe-haven demand, supply tightness, and firm regional premiums, while ferrous, nickel, and coal lag on China weakness.
Equity Positioning: Focus on Zijin, Shandong, Chifeng, BRMS (gold); Hindustan Zinc, Vedanta, Dowa, Korea Zinc (silver/zinc); Sumitomo, JX Advanced, Mitsubishi Materials, Hongqiao, Vedanta (copper/aluminium).
Corporate Actions: Zijin Gold IPO, Anglo–Teck merger, and BHP’s copper sale highlight accelerating sector consolidation, driving investor rotation toward gold and copper scale.


Asia Commodities — September 2025: Gold Strength, Copper Tightness, Aluminium Premiums

Commodities

<ul>
<li>Supply-Led Rally: Zinc has rebounded ~15% to ~US$3,000/t, driven by mine curtailments, smelter shutdowns, collapsing TCs, and low inventories.</li>
<li>China Stimulus Tailwind: Beijing’s CNY 1tn package lifts sentiment for galvanised steel, which makes up ~60% of zinc demand, reinforcing price momentum.</li>
<li>Valuation Impact: Hindustan Zinc justifies a premium on pure-play exposure, while Vedanta offers cheaper diversified optionality; sustainability of prices above US$3,000/t remains the key investor question.</li>
</ul>


Supply-Led Rally: Zinc has rebounded ~15% to ~US$3,000/t, driven by mine curtailments, smelter shutdowns, collapsing TCs, and low inventories.
China Stimulus Tailwind: Beijing’s CNY 1tn package lifts sentiment for galvanised steel, which makes up ~60% of zinc demand, reinforcing price momentum.
Valuation Impact: Hindustan Zinc justifies a premium on pure-play exposure, while Vedanta offers cheaper diversified optionality; sustainability of prices above US$3,000/t remains the key investor question.


Zinc Rally – Supply-Led Momentum Near US$3,000/T: Can It Last?

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 Demerger: Unlocking Value Through Strategic Pure-Plays

Vedanta Ltd sets record date for conglomerate split into 5 entities to eliminate discount and unlock value, but faces risks like listing delays...

Nimish Maheshwari

India Finally Showing Signs of Life; Remain Overweight Taiwan, China, Korea, and the U.S.

India's $SENSEX Finally Showing Signs of Life; Remain Overweight Taiwan, China, Korea, and the U.S.; Bullish Outlook Intact on $ACWI; Actionable...

Vermilion Research

Thematic Report: Aluminum's Growth Story- Investing in the Future of Essential Metals

Aluminum market sees tight supply, rising premiums, and increasing demand, driving up prices and benefiting key producers like Hindalco.

Nimish Maheshwari

Asia Commodities — September 2025: Gold Strength, Copper Tightness, Aluminium Premiums

Safe-haven demand and supply tightness drive gold, silver, copper, and aluminium performance, while China weakness impacts ferrous, nickel, and coal.

Rahul Jain

Zinc Rally – Supply-Led Momentum Near US$3,000/T: Can It Last?

Zinc prices surge due to supply constraints and China stimulus, impacting Hindustan Zinc and Vedanta valuations. Sustainability above US$3,000/t...

Rahul Jain

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Vedanta Demerger: Unlocking Value Through Strategic Pure-Plays

​Vedanta Ltd sets record date for conglomerate split into 5 entities to eliminate discount and unlock value, but faces risks like listing delays...

Nimish Maheshwari

India Finally Showing Signs of Life; Remain Overweight Taiwan, China, Korea, and the U.S.

India's $SENSEX Finally Showing Signs of Life; Remain Overweight Taiwan, China, Korea, and the U.S.; Bullish Outlook Intact on $ACWI; Actionable...

Vermilion Research

Thematic Report: Aluminum's Growth Story- Investing in the Future of Essential Metals

​Aluminum market sees tight supply, rising premiums, and increasing demand, driving up prices and benefiting key producers like Hindalco.

Nimish Maheshwari

Asia Commodities — September 2025: Gold Strength, Copper Tightness, Aluminium Premiums

​Safe-haven demand and supply tightness drive gold, silver, copper, and aluminium performance, while China weakness impacts ferrous, nickel, and coal.

Rahul Jain

Zinc Rally – Supply-Led Momentum Near US$3,000/T: Can It Last?

​Zinc prices surge due to supply constraints and China stimulus, impacting Hindustan Zinc and Vedanta valuations. Sustainability above US$3,000/t...

Rahul Jain

Vedanta Ltd sets record date for conglomerate split into 5 entities to eliminate discount and unlock value, but faces risks like listing delays...

Aluminum market sees tight supply, rising premiums, and increasing demand, driving up prices and benefiting key producers like Hindalco.

Safe-haven demand and supply tightness drive gold, silver, copper, and aluminium performance, while China weakness impacts ferrous, nickel, and coal.

Zinc prices surge due to supply constraints and China stimulus, impacting Hindustan Zinc and Vedanta valuations. Sustainability above US$3,000/t...