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

Thematic (Sector/Industry)

<ul>
<li>RBI halts loan sanctions for four NBFCs due to excessive rates and rule violations, signaling concerns over rising NPAs in retail lending.</li>
<li>Slippages and delinquencies in retail loans are rising, driven by smaller loans and fintech-driven credit growth, prompting stricter regulatory scrutiny.</li>
<li>Emphasis is shifting towards cautious lending and stronger regulations to stabilize the sector, indicating a more conservative approach in India’s credit landscape.</li>
</ul>


RBI halts loan sanctions for four NBFCs due to excessive rates and rule violations, signaling concerns over rising NPAs in retail lending.
Slippages and delinquencies in retail loans are rising, driven by smaller loans and fintech-driven credit growth, prompting stricter regulatory scrutiny.
Emphasis is shifting towards cautious lending and stronger regulations to stabilize the sector, indicating a more conservative approach in India’s credit landscape.


Thematic Report: Slowdown in India's Credit Sector

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

TotalEnergies SE operates as an energy company. The Company produces, transports, and supplies crude oil, natural gas, and low carbon electricity, as well as refines petrochemical products. TotalEnergies owns and manages gasoline filling stations worldwide.

<ul><li>TotalEnergies, in its Third Quarter 2024 Earnings, reported a mix of robust operational and financial achievements, and faced some challenges primarily linked to the global energy market conditions.</li><li>The call, led by CEO Patrick Pouyanne and CFO Jean-Pierre Sbraire, emphasized the perseverance of TotalEnergies' integrated business model amidst volatile markets, highlighting disciplined cost management and strategic investments.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

TotalEnergies, in its Third Quarter 2024 Earnings, reported a mix of robust operational and financial achievements, and faced some challenges primarily linked to the global energy market conditions.The call, led by CEO Patrick Pouyanne and CFO Jean-Pierre Sbraire, emphasized the perseverance of TotalEnergies' integrated business model amidst volatile markets, highlighting disciplined cost management and strategic investments.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

TotalEnergies SE: An Insight Into Its Macroeconomic and Market Adaptability! - Major Drivers

External broker reports(aggregated public sources), Nordea

Nordea

External broker reports(aggregated public sources)

Nordea is the bank in the Nordics dedicated to serving corporations and institutional customers. Our offering includes a diverse range of financing, cash management and payment services, investment banking, capital markets products, securities services and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Macroeconomics

<ul><li>Tighter German asset swap spreads were a high conviction normalisation trade for many PMs going into the year, but it was supposed to take years.</li><li>Afterall, ECB QT is only just getting started with the exception of the TLTROs for which very few govies were used as collateral.</li><li>Asset swap spreads were highly correlated with credit spreads on the other hand, which led many – including us – to recommend wideners for most of the year as a tail risk hedge, but instead setting up for stop-loss taking spreads the last leg tighter over the recent month.Chart 1.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tighter German asset swap spreads were a high conviction normalisation trade for many PMs going into the year, but it was supposed to take years.Afterall, ECB QT is only just getting started with the exception of the TLTROs for which very few govies were used as collateral.Asset swap spreads were highly correlated with credit spreads on the other hand, which led many – including us – to recommend wideners for most of the year as a tail risk hedge, but instead setting up for stop-loss taking spreads the last leg tighter over the recent month.Chart 1.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Chief Economist, Heteronomics

Phil Rush

Chief Economist

Heteronomics

Heteronomics represents a different kind of economics. We believe analysis should delve into the details of what is really going on, rather than using overly simplistic assumptions to quick-sell stories. Independence from myopic institutional pressures allows us to focus on the realities underlying your asset allocation decisions, without the conflicts of the old market structures. Heteronomics targets the themes driving UK asset prices, offering the benefits of depth, independence and ultimately price.

UK-centric macro research

<ul><li>High taxes, government spending and borrowing in Britain, along with Euro area inflation, are driving hawkish market moves. The US market isn't keeping pace, partially due to disappointing payroll data.</li><li>The US election results are uncertain, increasing the risk of Trump contesting the outcome and potential exploitation by other countries during the political void.</li><li>This political uncertainty is not expected to impact the Bank of England or Federal Reserve's decision to defy low unemployment and cut rates by 25 basis points on Thursday.</li></ul>

High taxes, government spending and borrowing in Britain, along with Euro area inflation, are driving hawkish market moves. The US market isn't keeping pace, partially due to disappointing payroll data.The US election results are uncertain, increasing the risk of Trump contesting the outcome and potential exploitation by other countries during the political void.This political uncertainty is not expected to impact the Bank of England or Federal Reserve's decision to defy low unemployment and cut rates by 25 basis points on Thursday.

External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

ABN AMRO is a personal bank in the digital age. A bank committed to playing a serious role in society. This digital age helps us to bring banking ever closer to our clients and what they need. Our areas of focus are inclusion, sustainability, social entrepreneurship, innovation, daily banking and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>The eurozone economic recovery is running out of steam, in part because of weak domestic demand.</li><li>Labour demand is softening, especially in Germany, while the overall labour market remains resilient.</li><li>Inflation fell sharply to 1.7% y/y in September, but elevated services remains a concern for the ECB. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The eurozone economic recovery is running out of steam, in part because of weak domestic demand.Labour demand is softening, especially in Germany, while the overall labour market remains resilient.Inflation fell sharply to 1.7% y/y in September, but elevated services remains a concern for the ECB. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Eurozone - Subdued Recovery Is Increasingly Shaping ECB Policy

France
Insights on France

Thematic Report: Slowdown in India's Credit Sector

RBI halts loan sanctions for NBFCs due to excessive rates and rule violations, signaling concerns over rising NPAs in retail lending and prompting...

Nimish Maheshwari

TotalEnergies SE: An Insight Into Its Macroeconomic and Market Adaptability! - Major Drivers

TotalEnergies, in its Third Quarter 2024 Earnings, reported a mix of robust operational and financial achievements, and faced some challenges...

Baptista Research

EUR Rates: Asset Swap Spreads Tightening

Tighter German asset swap spreads were a high conviction normalisation trade for many PMs going into the year, but it was supposed to take years.

Nordea

HEW: Trumping Blighty

High taxes, government spending and borrowing in Britain, along with Euro area inflation, are driving hawkish market moves. The US market isn't...

Phil Rush

Eurozone - Subdued Recovery Is Increasingly Shaping ECB Policy

The eurozone economic recovery is running out of steam, in part because of weak domestic demand. Labour demand is softening, especially in Germany,...

ABN AMRO

Thematic Report: Slowdown in India's Credit Sector

​RBI halts loan sanctions for NBFCs due to excessive rates and rule violations, signaling concerns over rising NPAs in retail lending and prompting...

Nimish Maheshwari

TotalEnergies SE: An Insight Into Its Macroeconomic and Market Adaptability! - Major Drivers

TotalEnergies, in its Third Quarter 2024 Earnings, reported a mix of robust operational and financial achievements, and faced some challenges...

Baptista Research

EUR Rates: Asset Swap Spreads Tightening

Tighter German asset swap spreads were a high conviction normalisation trade for many PMs going into the year, but it was supposed to take years.

Nordea

HEW: Trumping Blighty

High taxes, government spending and borrowing in Britain, along with Euro area inflation, are driving hawkish market moves. The US market isn't...

Phil Rush

Eurozone - Subdued Recovery Is Increasingly Shaping ECB Policy

The eurozone economic recovery is running out of steam, in part because of weak domestic demand. Labour demand is softening, especially in Germany,...

ABN AMRO

RBI halts loan sanctions for NBFCs due to excessive rates and rule violations, signaling concerns over rising NPAs in retail lending and prompting...