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>PSU banks in India are witnessing a resurgence, driven by government-led reforms, improved asset quality, and a strategic shift towards retail lending.</li>
<li>This transformation has led to a surge in profits, a significant decline in non-performing assets, and a bullish market outlook, reflected in the strong performance of PSU bank stocks.</li>
<li>While the recovery is promising, the rapid growth in unsecured retail lending presents a potential risk that requires careful monitoring and prudent risk management practices.</li>
</ul>


PSU banks in India are witnessing a resurgence, driven by government-led reforms, improved asset quality, and a strategic shift towards retail lending.
This transformation has led to a surge in profits, a significant decline in non-performing assets, and a bullish market outlook, reflected in the strong performance of PSU bank stocks.
While the recovery is promising, the rapid growth in unsecured retail lending presents a potential risk that requires careful monitoring and prudent risk management practices.


Can Indian PSU Banks Sustain Its Momentum?

<ul>
<li>Mega-Cap Dominance: Only 15% of global companies outperformed the Magnificent 7 (Meta, Amazon, Apple, Microsoft, Alphabet, Tesla, NVIDIA), highlighting the concentrated risk of over-reliance on a small group of giants.</li>
<li>During the recent rate hike cycle, companies with strong balance sheets, particularly the top 10 performers in major indices like the S&amp;P 500, significantly outperformed the broader market. </li>
<li>Investor Strategy: To mitigate concentration risk, investors should broaden their portfolios by diversifying across sectors, regions, and market caps, particularly as easing interest rates may lead to wider participation.</li>
</ul>


Mega-Cap Dominance: Only 15% of global companies outperformed the Magnificent 7 (Meta, Amazon, Apple, Microsoft, Alphabet, Tesla, NVIDIA), highlighting the concentrated risk of over-reliance on a small group of giants.
During the recent rate hike cycle, companies with strong balance sheets, particularly the top 10 performers in major indices like the S&amp;P 500, significantly outperformed the broader market. 
Investor Strategy: To mitigate concentration risk, investors should broaden their portfolios by diversifying across sectors, regions, and market caps, particularly as easing interest rates may lead to wider participation.


Chartered Insights : Why It’s Time to Look Beyond the Magnificent 7 in 2025

Japan Specialist

Mark Chadwick

<ul>
<li>US stocks ended Friday's session relatively flat, with the S&amp;P 500 closing unchanged and the Nasdaq Composite gaining 0.1%</li>
<li>Markets are bracing for a pivotal week with central banks in focus. The Federal Reserve will announce its final policy decision of the year on Wednesday</li>
<li>The Bank of Japan and Bank of England follow with decisions on Thursday.</li>
</ul>


US stocks ended Friday's session relatively flat, with the S&amp;P 500 closing unchanged and the Nasdaq Composite gaining 0.1%
Markets are bracing for a pivotal week with central banks in focus. The Federal Reserve will announce its final policy decision of the year on Wednesday
The Bank of Japan and Bank of England follow with decisions on Thursday.


Financials & FinTech research, Galliano’s Financials Research

Victor Galliano

Financials & FinTech research

Financials & FinTech, EM & Developed Markets

Galliano’s Financials Research

Galliano's Financials Research provides fundamental research in Emerging Markets financials, including FinTech, as well as financials in select Developed Markets.

The investment style applied is generally value oriented, although Growth At Reasonable Price (GARP) strategies can also be used where appropriate. 

Our investment research approach aim is often contrarian, looking to capitalise on overly sceptical or optimistic consensus views. In terms of valuation techniques, the focus is on PBV ratio to ROE, PE multiples and dividend yield, as well as the application of PEG ratios and, where appropriate, Sum of the Parts (SOTP) valuations.

Equity Bottom-Up

The Hachijuni Bank, Ltd. is a regional bank based in Nagano Prefecture. The Bank provides banking services such as deposits, loans, foreign exchange transactions, and trust accounts. The Bank also provides financial services such as leasing, credit cards, credit guarantee, debt recovery, trading, and venture capital and operates branches overseas.

<ul>
<li>We update our views on ten Japanese midcap banks targeting attractively valued beneficiaries of the realization of big strategic shareholdings, as well as beneficiaries of the improving interest rate outlook</li>
<li>We re-iterate our buys on Hachijuni Bank and Hokuhoku Financial; there is potential to realize their large strategic holdings relative to their market capitalizations combined with their attractive PTBV ratios</li>
<li>We take Gunma Bank off the buy list, replacing it with Iyogin; Iyogin has a constructive mix of large strategic holdings, attractive valuations and healthy gearing to higher interest rates</li>
</ul>


We update our views on ten Japanese midcap banks targeting attractively valued beneficiaries of the realization of big strategic shareholdings, as well as beneficiaries of the improving interest rate outlook
We re-iterate our buys on Hachijuni Bank and Hokuhoku Financial; there is potential to realize their large strategic holdings relative to their market capitalizations combined with their attractive PTBV ratios
We take Gunma Bank off the buy list, replacing it with Iyogin; Iyogin has a constructive mix of large strategic holdings, attractive valuations and healthy gearing to higher interest rates


Japanese Midcap Banks – Hachijuni (8359 JP) Is Our Top Pick

<ul>
<li>India’s Q2 FY25 GDP growth fell to <strong>5.4% YoY</strong>, the lowest in seven quarters, signaling mounting economic challenges.</li>
<li>Weak private consumption, sluggish investment, and subdued exports contributed to the slowdown. Manufacturing underperformed while agriculture and services provided some resilience.</li>
<li>The slowdown underscores vulnerabilities in consumption and investment cycles. Targeted policy measures are critical to sustaining long-term growth amid rising inflation and global uncertainties.</li>
</ul>


India’s Q2 FY25 GDP growth fell to 5.4% YoY, the lowest in seven quarters, signaling mounting economic challenges.
Weak private consumption, sluggish investment, and subdued exports contributed to the slowdown. Manufacturing underperformed while agriculture and services provided some resilience.
The slowdown underscores vulnerabilities in consumption and investment cycles. Targeted policy measures are critical to sustaining long-term growth amid rising inflation and global uncertainties.


Japan Banks
Mountains of Liquidity

Can Indian PSU Banks Sustain Its Momentum?

PSU banks in India are experiencing a revival due to reforms and a focus on retail lending, leading to increased profits, though the rapid growth...

Nimish Maheshwari

Chartered Insights : Why It’s Time to Look Beyond the Magnificent 7 in 2025

Investors should diversify to mitigate concentration risk as mega-cap dominance continues, with only 15% of global companies outperforming the...

Nimish Maheshwari

Ohayo Japan | Central Bank Watch

US stocks closed flat on Friday as markets prepare for a crucial week with central banks' policy decisions in focus, including the Federal Reserve...

Mark Chadwick

Japanese Midcap Banks – Hachijuni (8359 JP) Is Our Top Pick

Japanese midcap banks: stick with buys on Hachijuni Bank and Hokuhoku Financial, replacing Gunma Bank with Iyogin for potential gains from equity...

Victor Galliano

A Deep Dive into the Recent GDP Slowdown

India's Q2 FY25 GDP growth drops to 5.4% YoY, highlighting economic challenges with weak consumption, investment, and exports. Targeted policy...

Nimish Maheshwari

Can Indian PSU Banks Sustain Its Momentum?

​PSU banks in India are experiencing a revival due to reforms and a focus on retail lending, leading to increased profits, though the rapid growth...

Nimish Maheshwari

Chartered Insights : Why It’s Time to Look Beyond the Magnificent 7 in 2025

​Investors should diversify to mitigate concentration risk as mega-cap dominance continues, with only 15% of global companies outperforming the...

Nimish Maheshwari

Ohayo Japan | Central Bank Watch

​US stocks closed flat on Friday as markets prepare for a crucial week with central banks' policy decisions in focus, including the Federal Reserve...

Mark Chadwick

Japanese Midcap Banks – Hachijuni (8359 JP) Is Our Top Pick

​Japanese midcap banks: stick with buys on Hachijuni Bank and Hokuhoku Financial, replacing Gunma Bank with Iyogin for potential gains from equity...

Victor Galliano

A Deep Dive into the Recent GDP Slowdown

​India's Q2 FY25 GDP growth drops to 5.4% YoY, highlighting economic challenges with weak consumption, investment, and exports. Targeted policy...

Nimish Maheshwari

PSU banks in India are experiencing a revival due to reforms and a focus on retail lending, leading to increased profits, though the rapid growth...

Investors should diversify to mitigate concentration risk as mega-cap dominance continues, with only 15% of global companies outperforming the...

US stocks closed flat on Friday as markets prepare for a crucial week with central banks' policy decisions in focus, including the Federal Reserve...

Japanese midcap banks: stick with buys on Hachijuni Bank and Hokuhoku Financial, replacing Gunma Bank with Iyogin for potential gains from equity...

India's Q2 FY25 GDP growth drops to 5.4% YoY, highlighting economic challenges with weak consumption, investment, and exports. Targeted policy...