India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

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>The Indian rupee strengthens to a three-month high, erasing 2025 losses amid foreign inflows and RBI’s forex swap auction.</li>
<li>Groww in talks to raise $200 million at a $6.5 billion valuation ahead of its IPO filing.</li>
<li>India exempts import duties on 35 items for EV batteries and 28 for mobile phones to boost domestic production.</li>
</ul>


The Indian rupee strengthens to a three-month high, erasing 2025 losses amid foreign inflows and RBI’s forex swap auction.
Groww in talks to raise $200 million at a $6.5 billion valuation ahead of its IPO filing.
India exempts import duties on 35 items for EV batteries and 28 for mobile phones to boost domestic production.


#127 India Insight: Rupee Hits 3-Month High, Groww Eyes $6.5B Valuation, India Cuts Import Duties

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

<ul>
<li>India’s electricity demand is witnessing a structural boom driven by rising temperatures, AC sales, urbanization, and smart tariff reforms, not just seasonal summer spikes.</li>
<li>Cooling demand alone could drive one-third of peak load by 2030, stressing grids, accelerating coal use, and challenging India’s clean energy transition.</li>
<li>The power story is no longer about generation alone, transmission, storage, smart meters, and efficient cooling are the real investment and policy frontiers to watch.</li>
</ul>


India’s electricity demand is witnessing a structural boom driven by rising temperatures, AC sales, urbanization, and smart tariff reforms, not just seasonal summer spikes.
Cooling demand alone could drive one-third of peak load by 2030, stressing grids, accelerating coal use, and challenging India’s clean energy transition.
The power story is no longer about generation alone, transmission, storage, smart meters, and efficient cooling are the real investment and policy frontiers to watch.


India’s Power Surge: What Is Fueling the Demand Boom in 2025?

<ul>
<li>India plans to cut tariffs on US imports to protect $66B in exports, negotiating trade deal amid Trump’s tariff threat.</li>
<li>
<a href="https://www.smartkarma.com/entities/meesho-inc" target="_blank" data-smartkarma-citation="entities:35872:1" rel="noopener">Meesho (1546271D IN)</a> plans $1 Bn IPO at $10B valuation, picking top bankers; aiming for Diwali 2025 listing, surpassing Flipkart.</li>
<li>
<a href="https://www.smartkarma.com/entities/temasek-holdings-pte-ltd" target="_blank" data-smartkarma-citation="entities:28816:1" rel="noopener">Temasek Holdings Pte Ltd (TMSK SP)</a> seeks CCI approval to acquire 10% stake in Haldiram Snacks at $10B valuation, aiming to fuel expansion.</li>
</ul>


India plans to cut tariffs on US imports to protect $66B in exports, negotiating trade deal amid Trump’s tariff threat.

Meesho (1546271D IN) plans $1 Bn IPO at $10B valuation, picking top bankers; aiming for Diwali 2025 listing, surpassing Flipkart.

Temasek Holdings Pte Ltd (TMSK SP) seeks CCI approval to acquire 10% stake in Haldiram Snacks at $10B valuation, aiming to fuel expansion.


#126 India Insight: India Plans US Tariff Cuts to Protect $66B, Meesho IPO, Temasek's Haldiram Stake

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

Jollibee Foods Corporation owns, franchises and manages a network of fast food restaurants under the trade name Jollibee. The Company was incorporated in 1978.

<ul>
<li>In the US, the March Conference Board consumer confidence index fell to a four-year low of 92.9 (94.0 e / 100.1 revised p).</li>
<li>Stephanie Guichard, Senior Economist of Global Indicators at The Conference Board stated: “Consumer confidence declined for a fourth consecutive month in March, falling below the relatively narrow range that had prevailed since 2022.</li>
<li>Of the Index’s five components, only consumers’ assessment of present labour market conditions improved, albeit slightly.” Separately, February new home sales rose 1.8% m-o-m (3.5% e / -6.9% revised p) to an annualised 676 k units, rebounding slightly from the decline in January amid better weather and generous sales incentives.</li>
</ul>


In the US, the March Conference Board consumer confidence index fell to a four-year low of 92.9 (94.0 e / 100.1 revised p).
Stephanie Guichard, Senior Economist of Global Indicators at The Conference Board stated: “Consumer confidence declined for a fourth consecutive month in March, falling below the relatively narrow range that had prevailed since 2022.
Of the Index’s five components, only consumers’ assessment of present labour market conditions improved, albeit slightly.” Separately, February new home sales rose 1.8% m-o-m (3.5% e / -6.9% revised p) to an annualised 676 k units, rebounding slightly from the decline in January amid better weather and generous sales incentives.


<ul>
<li>India proposes a 12% safeguard duty on key flat steel imports for 200 days, targeting low-cost shipments from FTA partners like Japan and South Korea.</li>
<li>The move supports domestic steelmakers like <a href="https://www.smartkarma.com/entities/jsw-steel-ltd" target="_blank" data-smartkarma-citation="entities:18561:1" rel="noopener">JSW Steel Ltd (JSTL IN)</a> and <a href="https://www.smartkarma.com/entities/tata-steel-ltd" target="_blank" data-smartkarma-citation="entities:20934:1" rel="noopener">Tata Steel Ltd (TATA IN)</a> by restoring pricing power, creating room for further price hikes of INR 1,000–1,500/Ton.</li>
<li>Near-Term profitability looks up for flat-steel players, but risks from WTO pushback, MSME cost pressures, and the policy’s temporary nature warrant cautious optimism.</li>
</ul>


India proposes a 12% safeguard duty on key flat steel imports for 200 days, targeting low-cost shipments from FTA partners like Japan and South Korea.
The move supports domestic steelmakers like JSW Steel Ltd (JSTL IN) and Tata Steel Ltd (TATA IN) by restoring pricing power, creating room for further price hikes of INR 1,000–1,500/Ton.
Near-Term profitability looks up for flat-steel players, but risks from WTO pushback, MSME cost pressures, and the policy’s temporary nature warrant cautious optimism.


India’s 12% Safeguard Duty: A Tailwind for Domestic Steelmakers or a Risk to Downstream Industries?

Philippines
Insights on Philippines

#127 India Insight: Rupee Hits 3-Month High, Groww Eyes $6.5B Valuation, India Cuts Import Duties

Indian rupee strengthens, Groww eyes $200M funding, India exempts import duties on EV batteries and mobile phones to boost domestic production.

Sudarshan Bhandari

India’s Power Surge: What Is Fueling the Demand Boom in 2025?

India's electricity demand is rising due to various factors, including cooling needs, urbanization, and smart tariff reforms, posing challenges...

Nimish Maheshwari

#126 India Insight: India Plans US Tariff Cuts to Protect $66B, Meesho IPO, Temasek's Haldiram Stake

India cuts tariffs on US imports to protect exports amid Trump's threats; Meesho plans $1B IPO, Temasek seeks CCI approval for Haldiram stake...

Sudarshan Bhandari

Lucror Analytics - Morning Views Asia

In the US, the March Conference Board consumer confidence index fell to a four-year low of 92.9 (94.0 e / 100.1 revised p).

Lucror Analytics

India’s 12% Safeguard Duty: A Tailwind for Domestic Steelmakers or a Risk to Downstream Industries?

India proposes safeguard duty on flat steel imports to support domestic steelmakers like JSW Steel and Tata Steel, allowing for price hikes but...

Nimish Maheshwari

#127 India Insight: Rupee Hits 3-Month High, Groww Eyes $6.5B Valuation, India Cuts Import Duties

​Indian rupee strengthens, Groww eyes $200M funding, India exempts import duties on EV batteries and mobile phones to boost domestic production.

Sudarshan Bhandari

India’s Power Surge: What Is Fueling the Demand Boom in 2025?

​India's electricity demand is rising due to various factors, including cooling needs, urbanization, and smart tariff reforms, posing challenges...

Nimish Maheshwari

#126 India Insight: India Plans US Tariff Cuts to Protect $66B, Meesho IPO, Temasek's Haldiram Stake

​India cuts tariffs on US imports to protect exports amid Trump's threats; Meesho plans $1B IPO, Temasek seeks CCI approval for Haldiram stake...

Sudarshan Bhandari

Lucror Analytics - Morning Views Asia

In the US, the March Conference Board consumer confidence index fell to a four-year low of 92.9 (94.0 e / 100.1 revised p).

Lucror Analytics

India’s 12% Safeguard Duty: A Tailwind for Domestic Steelmakers or a Risk to Downstream Industries?

​India proposes safeguard duty on flat steel imports to support domestic steelmakers like JSW Steel and Tata Steel, allowing for price hikes but...

Nimish Maheshwari

Indian rupee strengthens, Groww eyes $200M funding, India exempts import duties on EV batteries and mobile phones to boost domestic production.

India's electricity demand is rising due to various factors, including cooling needs, urbanization, and smart tariff reforms, posing challenges...

India cuts tariffs on US imports to protect exports amid Trump's threats; Meesho plans $1B IPO, Temasek seeks CCI approval for Haldiram stake...

India proposes safeguard duty on flat steel imports to support domestic steelmakers like JSW Steel and Tata Steel, allowing for price hikes but...