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

Equity Bottom-Up

Axis Bank Limited provides a full range of banking services throughout India. The Group's activities include retail banking, investment management, merchant banking, treasury and NRI services, cash and credit management services, and ATM facilities.

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<a href="https://www.smartkarma.com/entities/axis-bank-ltd" target="_blank" data-smartkarma-citation="entities:768:1" rel="noopener">Axis Bank Ltd (AXSB IN)</a>stock corrected over 5% recently after citi's research analyst note highlighted that the expected recovery in Net Interest Margins would be significantly delayed. </li>
<li>A repo rate cut triggered faster asset repricing, while the bank's ability to cushion margins through lower deposit costs is effectively exhausted.</li>
<li>Investors must expect flat margins for longer, as the recovery timeline has now shifted to the fourth quarter of FY26.</li>
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Axis Bank Ltd (AXSB IN)stock corrected over 5% recently after citi's research analyst note highlighted that the expected recovery in Net Interest Margins would be significantly delayed. 
A repo rate cut triggered faster asset repricing, while the bank's ability to cushion margins through lower deposit costs is effectively exhausted.
Investors must expect flat margins for longer, as the recovery timeline has now shifted to the fourth quarter of FY26.


Axis Bank: A Temporary Shock or A Structural Shift?

Event-Driven

Vedanta Limited mines, produces, and exports base metals. The Company mines and distributes metals such as zinc, iron ore, copper, silver, and aluminium, as well as operates power plants. Vedanta markets its products worldwide.

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<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>
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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

Dixon Technologies India Ltd / Equity Bottom-Up

Dixon Technologies (India) Limited manufactures consumer durables, lighting products, and mobile phones. The Company offers LED TVs, washing machines, LED and CFL bulbs and tubelights, and downlighters, as well as provides repair and refurbishment services of set top boxes, mobile phones, and LED TV panels. Dixon Technologies operates in India.

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<a href="https://www.smartkarma.com/entities/dixon-technologies-india-ltd" target="_blank" data-smartkarma-citation="entities:25486:1" rel="noopener">Dixon Technologies India Ltd (DIXON IN)</a> , India's largest EMS player, benefits from PLI schemes and the China+1 strategy, driving a robust 55% revenue CAGR and scale expansion.</li>
<li>The stock's 32% correction was driven by the regulatory probe into Chinese clients and broader EMS sectoral governance concerns.</li>
<li>Strong financial health with 51% ROCEsupports medium-term growth momentum, making its valuation attractive despite high short-term volatility.</li>
</ul>



Dixon Technologies India Ltd (DIXON IN) , India's largest EMS player, benefits from PLI schemes and the China+1 strategy, driving a robust 55% revenue CAGR and scale expansion.
The stock's 32% correction was driven by the regulatory probe into Chinese clients and broader EMS sectoral governance concerns.
Strong financial health with 51% ROCEsupports medium-term growth momentum, making its valuation attractive despite high short-term volatility.


The Beat Ideas: Dixon Technologies ~ Revival or Ruin?

Thematic (Sector/Industry)

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<li>The global aerospace supply chain is undergoing a structural de-risking from a “just-in-time” model, moving towards diversified “just-in-case” sourcing, catalyzed by post-COVID capacity exits.</li>
<li>This shift is creating a multi-decade, geopolitical trust arbitrage opportunity, positioning Indian Tier-2/3 precision component manufacturers as critical partners for global OEMs and Tier-1s.</li>
<li>The combination of a massive global order backlog, India’s certified capabilities, and supportive policy creates a multi-year compounding runway for select, high-execution Indian players.</li>
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The global aerospace supply chain is undergoing a structural de-risking from a “just-in-time” model, moving towards diversified “just-in-case” sourcing, catalyzed by post-COVID capacity exits.
This shift is creating a multi-decade, geopolitical trust arbitrage opportunity, positioning Indian Tier-2/3 precision component manufacturers as critical partners for global OEMs and Tier-1s.
The combination of a massive global order backlog, India’s certified capabilities, and supportive policy creates a multi-year compounding runway for select, high-execution Indian players.


Thematic Report on India’s Aerospace Manufacturing: From Chaos to Competitiveness

Max India Limited operates as a holding company. The Company, through its subsidiaries, offers health insurance, healthcare, and senior living services. Max conducts business in India.

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<a href="https://www.smartkarma.com/entities/max-india-ltd-dcb6dbad-5e1f-4ae1-852b-411ca142a08e" target="_blank" data-smartkarma-citation="entities:24118:1" rel="noopener">Max India (MAXI IN)</a> , part of the historically successful Max Group, is transitioning into India’s only fully integrated senior care platform, Antara.</li>
<li>The senior care market is projected to reach USD 33 Bn by 2030 from USD  13 Bn in 2024 driven by nuclear families and increasing affluence among the elderly.</li>
<li>Key growth levers are the annual 1.5M sq. ft. development target in residences and the goal for AGEasy to reach breakeven by late FY '27.</li>
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Max India (MAXI IN) , part of the historically successful Max Group, is transitioning into India’s only fully integrated senior care platform, Antara.
The senior care market is projected to reach USD 33 Bn by 2030 from USD  13 Bn in 2024 driven by nuclear families and increasing affluence among the elderly.
Key growth levers are the annual 1.5M sq. ft. development target in residences and the goal for AGEasy to reach breakeven by late FY '27.


Max India: The Next Megatrend Play – Scaling India's Only Integrated Senior Care Ecosystem

Nimish Maheshwari, an independent analyst and co-founder of Beat The Street, is an investing platform garnering more than 1,00,000+ followers across social media. 
His deep insights and forensic analysis have been featured in some of India's most prominent publications, including the Economic Times, The Morning Context, The Ken,  Dalal Street Investment Journal, Moneylife by Sucheta Dalal, and TheCore.in.
He has a keen eye for identifying red flags in Indian listed companies and has identified exclusive red flags earlier in Adani, Vedanta, Nykaa, Gland Pharma, Brightcom Group etc.