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

Equity Bottom-Up

Indiabulls Housing Finance / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/indiabulls-housing-finance-ltd" target="_blank" data-smartkarma-citation="entities:13086:1" rel="noopener">Indiabulls Housing Finance (IHFL IN)</a> Raised INR 3,693 crores through rights issue, issued $350 million bond.</li>
<li>Strong balance sheet, low NPAs, poised for growth in the retail housing via its asset light model.</li>
<li>Rebranding to Samman Capital signals new phase of the company with multi-year growth guidance.</li>
</ul>



Indiabulls Housing Finance (IHFL IN) Raised INR 3,693 crores through rights issue, issued $350 million bond.
Strong balance sheet, low NPAs, poised for growth in the retail housing via its asset light model.
Rebranding to Samman Capital signals new phase of the company with multi-year growth guidance.


The Beat Ideas: Indiabulls Housing- A New Era in Housing Finance

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

<ul>
<li>Indiabulls Housing's Right Issue offers a unique opportunity to earn higher returns on smaller investment. </li>
<li>Indiabulls Housing is at the cusp of a turnaround: detaching its old identity maligned by various governance issues </li>
<li>Turnaround + Special Situation Bet - A potential opportunity to make outsized returns owing to the lower initial investment requirement in a company undergoing significant turnaround</li>
</ul>


Indiabulls Housing's Right Issue offers a unique opportunity to earn higher returns on smaller investment. 
Indiabulls Housing is at the cusp of a turnaround: detaching its old identity maligned by various governance issues 
Turnaround + Special Situation Bet - A potential opportunity to make outsized returns owing to the lower initial investment requirement in a company undergoing significant turnaround


Big Returns on Small Investment - A Unique Special Situation in Indiabulls Housing

Thematic (Sector/Industry)

<ul>
<li>ONDC to Integrate Banks and Fintechs to Expand Credit Services</li>
<li>SEBI Reduces Corporate Bond Face Value to Boost Retail Participation</li>
<li>Vedanta's Q1 FY25 sees mixed results; aluminium and iron ore output rise</li>
</ul>


ONDC to Integrate Banks and Fintechs to Expand Credit Services
SEBI Reduces Corporate Bond Face Value to Boost Retail Participation
Vedanta's Q1 FY25 sees mixed results; aluminium and iron ore output rise


#24 India Insight: ONDC to Integrate Banks, Corporate Bond Value Decreased, Indiabulls Name Change

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>A news report has indicated that SEBI is looking to tighten criteria used for inclusion and continued availability of stocks in the Futures &amp; Options (F&amp;O) segment of the market.</li>
<li>Our analysis shows 30 stocks could be deleted from the F&amp;O segment while another 12 are close to deletion zone. If applied objectively, 22 stocks could be added to F&amp;O.</li>
<li>Deletion from the F&amp;O segment could see two stocks dropped from the <a href="https://www.smartkarma.com/entities/nifty-next-50-index" target="_blank" data-smartkarma-citation="entities:36053:1" rel="noopener">Nifty Next 50 Index</a> while inclusion in F&amp;O could see two stocks added to the <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY Index</a>.</li>
</ul>


A news report has indicated that SEBI is looking to tighten criteria used for inclusion and continued availability of stocks in the Futures &amp; Options (F&amp;O) segment of the market.
Our analysis shows 30 stocks could be deleted from the F&amp;O segment while another 12 are close to deletion zone. If applied objectively, 22 stocks could be added to F&amp;O.
Deletion from the F&amp;O segment could see two stocks dropped from the Nifty Next 50 Index while inclusion in F&amp;O could see two stocks added to the NIFTY Index.


Impact of Potential Changes to India F&O Eligibility Criteria

Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

<ul>
<li>IndiaBulls reported FY 3Q22 results of INR 3.0 bn, improving INR 167 mn (5.8%) linked quarter; results were of poor quality; </li>
<li>Net new NPLs had increased INR 7.1 bn for the quarter for an annualized rate of increase of 139.6%; and </li>
<li>Given the continued break in credit, loss reserves appear light close to INR 28 bn – representing seven quarters of PBT and 17.1% of stated equity. </li>
</ul>


IndiaBulls reported FY 3Q22 results of INR 3.0 bn, improving INR 167 mn (5.8%) linked quarter; results were of poor quality; 
Net new NPLs had increased INR 7.1 bn for the quarter for an annualized rate of increase of 139.6%; and 
Given the continued break in credit, loss reserves appear light close to INR 28 bn – representing seven quarters of PBT and 17.1% of stated equity. 


IndiaBulls Housing Finance – Manufactured Bottom-Line

India

Indiabulls Housing Finance Ltd (IBHFL) is a Housing Finance Company (HFC). The company provides long-term housing loans to individuals and loans against homes to small business owners. IBHFL also provides Lease Rent Discounting (LRD) loans against leased out commercial premises.

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Indiabulls Housing Finance (IHFL IN)

The Beat Ideas: Indiabulls Housing- A New Era in Housing Finance

Indiabulls Housing as said mentioned in our previous coverage is on the verge of completion of de - promoterization, has announced its new identity...

Sudarshan Bhandari

Big Returns on Small Investment - A Unique Special Situation in Indiabulls Housing

Indiabulls Housing's Right Issue presents a chance for investors to capitalize on a potential turnaround and earn higher returns with a smaller...

Nimish Maheshwari

#24 India Insight: ONDC to Integrate Banks, Corporate Bond Value Decreased, Indiabulls Name Change

ONDC bridges banks and fintechs for wider credit; SEBI lowers bond face value to attract retail investors; Vedanta's Q1 FY25 shows varied results,...

Sudarshan Bhandari

Impact of Potential Changes to India F&O Eligibility Criteria

News reports indicate that SEBI is looking to tighten criteria for inclusion and continued availability of stocks in the F&O segment. 30 stocks...

Brian Freitas

IndiaBulls Housing Finance – Manufactured Bottom-Line

I-BULLS: IndiaBulls reported a poor quality QOQ FY 3Q22 results increase of 5.8%.Net new NPLs increased at 139.6% annualized, while loss reserves...

Thomas J. Monaco

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Beat Ideas: Indiabulls Housing- A New Era in Housing Finance

Indiabulls Housing as said mentioned in our previous coverage is on the verge of completion of de - promoterization, has announced its new identity...

Sudarshan Bhandari

Big Returns on Small Investment - A Unique Special Situation in Indiabulls Housing

​Indiabulls Housing's Right Issue presents a chance for investors to capitalize on a potential turnaround and earn higher returns with a smaller...

Nimish Maheshwari

#24 India Insight: ONDC to Integrate Banks, Corporate Bond Value Decreased, Indiabulls Name Change

ONDC bridges banks and fintechs for wider credit; SEBI lowers bond face value to attract retail investors; Vedanta's Q1 FY25 shows varied results,...

Sudarshan Bhandari

Impact of Potential Changes to India F&O Eligibility Criteria

News reports indicate that SEBI is looking to tighten criteria for inclusion and continued availability of stocks in the F&O segment. 30 stocks...

Brian Freitas

IndiaBulls Housing Finance – Manufactured Bottom-Line

I-BULLS: IndiaBulls reported a poor quality QOQ FY 3Q22 results increase of 5.8%.Net new NPLs increased at 139.6% annualized, while loss reserves...

Thomas J. Monaco

Indiabulls Housing's Right Issue presents a chance for investors to capitalize on a potential turnaround and earn higher returns with a smaller...