India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India-focused Independent Equity Research Analyst

Experienced (7 years +) in Sector-Specific Deep Dives and Comprehensive Company Research.

With a sharp focus on the Indian market, I specialize in providing in-depth analysis and insights to investors. Whether it's dissecting various sectors to identify emerging trends or conducting thorough fundamental research on individual companies, I'm dedicated to uncovering valuable opportunities and delivering actionable intelligence.

Passionate about navigating the nuances of the Indian equity landscape, I thrive on deciphering complex market dynamics and distilling them into clear, concise insights. 

While covering a sector or company-specific research, I cover the following :
1. Brief about company/sector
2.  Overall Industry landscape - History, Present and Future trends
3. Thesis and Anti-Thesis
4. Valuations
5. Financial & Forensic Analysis
6. Management Review
7. Key Monitorable Events
8. Guidance and Future Way Ahead

India Equity Analyst - Fundamental & Thematic

Indian Steel: Safeguard Duty Unleashed— A 12% Firewall for the Domestic Bull Run

India’s Steel Surge Is Rewriting the Playbook: Is Tata Steel Poised for the Next Growth Phase?

Lloyds Metals: No Longer Just a Mining Company

Entero Healthcare: New Titan of Pharma Distribution

The Beat Ideas: SJS Enterprises, A Niche Premiumisation Play

ITC Hotels Demerger: An Emerging Behemoth & Hospitality Play

The Beat Ideas: Sequent Scientific Merger - CDMO Optionality with Margin Upside

The Beat Ideas: Meesho Ltd- Deciphering India’s Value-E-Commerce Giant

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>India notified a new and increased excise duty on cigarettes, effective Feb 1, 2026, alongside a 40% GST regime.</li>
<li>On January 1, 2026, tobacco stocks sold off sharply. ITC fell about 9%, Godfrey Phillips India around 15–17%, and VST Industries about 4%.</li>
<li>Total tax per cigarette rises more than expected, raising risks to volumes and accelerating illicit trade.</li>
</ul>


India notified a new and increased excise duty on cigarettes, effective Feb 1, 2026, alongside a 40% GST regime.
On January 1, 2026, tobacco stocks sold off sharply. ITC fell about 9%, Godfrey Phillips India around 15–17%, and VST Industries about 4%.
Total tax per cigarette rises more than expected, raising risks to volumes and accelerating illicit trade.


ITC: Tobacco Volumes to Be Impacted by Increased Taxes; Uncertainty Ahead

ITC Ltd

ITC: Tobacco Volumes to Be Impacted by Increased Taxes; Uncertainty Ahead