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

India’s ₹1.43 Lakh Crore MTF Boom: A Crisis in the Making?

Gland Pharma: The CDMO Growth Engine Takes the Steering Wheel

India Auto Ancillaries: Why Content Per Vehicle Matters More Than Volumes?

Forensic: When Reliance Sold Its Profitable Subsidiary Below Its Networth to It's Associate!

IndusInd Bank: From Accounting Lapse to Governance Crisis, Now Whistleblower Complaint

SEBI's Explosive Interim Order Against Rajesh Exports Exposes 15L Crs of Inflated Sales

Supreme Court Overturned SEBI’s Order Against Reliance in the 2007 RPL Futures Case!

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>SEBI issued a 109-page interim order on June 3, 2026, alleging prima facie revenue misrepresentation of around INR 15.15 lakh crore in consolidated revenue between FY21 and FY25.</li>
<li>The case matters because LIC holds 10.8%, around 1.98 lakh retail shareholders are exposed, and the stock is down over 92% from its peak. </li>
<li>This is an interim ex-parte order. REL’s cooperation with the fresh forensic audit and NFRA’s review of auditor conduct will shape the next outcome.</li>
</ul>


SEBI issued a 109-page interim order on June 3, 2026, alleging prima facie revenue misrepresentation of around INR 15.15 lakh crore in consolidated revenue between FY21 and FY25.
The case matters because LIC holds 10.8%, around 1.98 lakh retail shareholders are exposed, and the stock is down over 92% from its peak. 
This is an interim ex-parte order. REL’s cooperation with the fresh forensic audit and NFRA’s review of auditor conduct will shape the next outcome.


Rajesh Exports: Inside SEBI’s ₹15.15 Lakh Crore Revenue Red Flag