Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Forensic Analyst

Thematic (Sector/Industry)

<p>The year 2020 was a wild swing for the capital markets; it was off in a flash but still won't be forgotten by many. It was a year marked by unpredictability, right from Covid-19 to the crashing of indices. It was a challenge to many, but still the year has uncovered several new, differentiated potholes for many companies on corporate governance, accounting engineering. We have provided critical views on few of the companies on these two aspects. </p>
<p>Going forward we will continue to provide critical views on the companies especially in our core area of corporate governance and forensic research. Beginning 2021, we will be covering the same through our product 'AGE Analysis' (Accounting. Governance. Earnings). We also look to enhance our reach in macro coverage, along with event driven insights.</p>

The year 2020 was a wild swing for the capital markets; it was off in a flash but still won't be forgotten by many. It was a year marked by unpredictability, right from Covid-19 to the crashing of indices. It was a challenge to many, but still the year has uncovered several new, differentiated potholes for many companies on corporate governance, accounting engineering. We have provided critical views on few of the companies on these two aspects. 
Going forward we will continue to provide critical views on the companies especially in our core area of corporate governance and forensic research. Beginning 2021, we will be covering the same through our product 'AGE Analysis' (Accounting. Governance. Earnings). We also look to enhance our reach in macro coverage, along with event driven insights.

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>There are 22 changes for the Nifty200 Momentum 30 Index and 1 change for the Nifty100 Low Volatility 30 Index that will be implemented at the close on 29 June.</li>
<li>The round-trip trade across both indices is estimated at just over US$2bn and there are 18 stocks that have over 1x ADV to trade from passives.</li>
<li>A number of the inclusions will have inflows from global and local passive trackers over the next few months.</li>
</ul>


There are 22 changes for the Nifty200 Momentum 30 Index and 1 change for the Nifty100 Low Volatility 30 Index that will be implemented at the close on 29 June.
The round-trip trade across both indices is estimated at just over US$2bn and there are 18 stocks that have over 1x ADV to trade from passives.
A number of the inclusions will have inflows from global and local passive trackers over the next few months.


NIFTY200 Momentum30 / Nifty100 LowVol30 Index Rebalance: Over US$2bn to Trade in June

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<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>We continue to see one change for NIFTY 50 and five changes for NIFTY 100 during the September 2026 index rebal event.</li>
<li>The Vedanta demerger has caused a couple of changes in expectations 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.
We continue to see one change for NIFTY 50 and five changes for NIFTY 100 during the September 2026 index rebal event.
The Vedanta demerger has caused a couple of changes in expectations for NIFTY 100.


Quiddity Leaderboard NIFTY Sep26: Changes to Expectations Caused by Vedanta Spin Offs

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

Jio Platforms Ltd / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jio-platforms-ltd" target="_blank" data-smartkarma-citation="entities:50269:1" rel="noopener">Jio Platforms Ltd (1797135D IN)</a>, India’s largest digital connectivity player, has filed its DRHP seeking to raise about US$4 billion.   </li>
<li>Jio is the market leader, holding a 49.95% market share in wireless broadband. It is also the largest fixed broadband service provider in India.</li>
<li>The investment case is bullish due to its scale, peer-leading revenue growth, strong user retention, top-tier operating margin, cash generation and low leverage.</li>
</ul>



Jio Platforms Ltd (1797135D IN), India’s largest digital connectivity player, has filed its DRHP seeking to raise about US$4 billion.   
Jio is the market leader, holding a 49.95% market share in wireless broadband. It is also the largest fixed broadband service provider in India.
The investment case is bullish due to its scale, peer-leading revenue growth, strong user retention, top-tier operating margin, cash generation and low leverage.


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

<ul>
<li>This insight discusses about the broad structure of upcoming IPO of <a href="https://www.smartkarma.com/entities/jio-platforms-ltd" target="_blank" data-smartkarma-citation="entities:50269:1" rel="noopener">Jio Platforms Ltd (1797135D IN)</a>
</li>
<li>It discusses about the company profile, shareholders &amp; Financial Snapshot.</li>
<li>We also discuss about initial comparison with <a href="https://www.smartkarma.com/entities/bharti-airtel-ltd" target="_blank" data-smartkarma-citation="entities:953:1" rel="noopener">Bharti Airtel (BHARTI IN)</a> on few parameters</li>
</ul>


This insight discusses about the broad structure of upcoming IPO of Jio Platforms Ltd (1797135D IN)

It discusses about the company profile, shareholders &amp; Financial Snapshot.
We also discuss about initial comparison with Bharti Airtel (BHARTI IN) on few parameters


India

Vodafone Idea Limited, branded as Vi, is an Indian telecommunications company providing pan-India voice and data services across 2G, 3G, 4G, and steadily expanding 5G platforms. It offers mobile telephony, wireless broadband, internet, and a range of digital and enterprise solutions including IoT and cloud services. The company is headquartered in Gandhinagar, India, and was formed on August 31, 2018, through the merger of Vodafone India and Idea Cellular.

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Vodafone Idea (IDEA IN)

Review for the Year 2020

We review our entire cloud of insights covered in 2020, and give a snapshot of how did they pay out in the market, including future prospects.

Nitin Mangal

NIFTY200 Momentum30 / Nifty100 LowVol30 Index Rebalance: Over US$2bn to Trade in June

The deletes have outperformed the adds by 4.7% since the announcement of the changes. The passives trade at the close today and those flows could...

Brian Freitas

Quiddity Leaderboard NIFTY Sep26: Changes to Expectations Caused by Vedanta Spin Offs

Vedanta Ltd (VEDL IN) completed its five-way split on 1st May 2026, with the four new entities listing on 15th June 2026. This event has caused...

Janaghan Jeyakumar, CFA

Jio Platforms IPO: The Investment Case

Jio Platforms, India’s largest digital connectivity player, has filed its DRHP seeking to raise about US$4 billion. In this note, I discuss the...

Arun George

Jio Platforms IPO - First Cut

Insight on upcoming IPO of Jio Platforms Ltd, including company profile, shareholders, financial snapshot, and initial comparison with Bharti Airtel.

Sreemant Dudhoria

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Review for the Year 2020

We review our entire cloud of insights covered in 2020, and give a snapshot of how did they pay out in the market, including future prospects.

Nitin Mangal

NIFTY200 Momentum30 / Nifty100 LowVol30 Index Rebalance: Over US$2bn to Trade in June

The deletes have outperformed the adds by 4.7% since the announcement of the changes. The passives trade at the close today and those flows could...

Brian Freitas

Quiddity Leaderboard NIFTY Sep26: Changes to Expectations Caused by Vedanta Spin Offs

Vedanta Ltd (VEDL IN) completed its five-way split on 1st May 2026, with the four new entities listing on 15th June 2026. This event has caused...

Janaghan Jeyakumar, CFA

Jio Platforms IPO: The Investment Case

Jio Platforms, India’s largest digital connectivity player, has filed its DRHP seeking to raise about US$4 billion. In this note, I discuss the...

Arun George

Jio Platforms IPO - First Cut

​Insight on upcoming IPO of Jio Platforms Ltd, including company profile, shareholders, financial snapshot, and initial comparison with Bharti Airtel.

Sreemant Dudhoria

Insight on upcoming IPO of Jio Platforms Ltd, including company profile, shareholders, financial snapshot, and initial comparison with Bharti Airtel.