Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Waaree Renewable Technologies / Equity Capital Markets

<ul>
<li>Waaree Energies is looking to raise up to US$514m in its India IPO.</li>
<li>Waaree Energies is a solar PV module manufacturer in India with an aggregate installed capacity of 12 GW, as of Jun 2024.</li>
<li>We have looked at the company’s past performance in our earlier note. In this note, we talk about the RHP updates and valuations.</li>
</ul>


Waaree Energies is looking to raise up to US$514m in its India IPO.
Waaree Energies is a solar PV module manufacturer in India with an aggregate installed capacity of 12 GW, as of Jun 2024.
We have looked at the company’s past performance in our earlier note. In this note, we talk about the RHP updates and valuations.


Waaree Energies IPO Trading - Will Ride on Premier Energies IPO Wave

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>India's CCI intensively scrutinizes Reliance-Disney $8.5 billion merger amid major antitrust concerns.</li>
<li>Eureka Forbes, under new leadership, plans extensive distribution network growth and product launches.</li>
<li>Suzlon's Q1 consolidated net profit soars 200% YoY, reaching ₹302 crore with a 50% revenue increase.</li>
</ul>


India's CCI intensively scrutinizes Reliance-Disney $8.5 billion merger amid major antitrust concerns.
Eureka Forbes, under new leadership, plans extensive distribution network growth and product launches.
Suzlon's Q1 consolidated net profit soars 200% YoY, reaching ₹302 crore with a 50% revenue increase.


# 32 India Insight: Reliance Disney Merger, Eureka Forbes Distribution Plans, Suzlon Profits Surges

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Sumitomo Mitsui Financial Group / Technical Analysis

<ul>
<li>Our bullish outlook (since early-November 2023) remains intact. Continue to ride this trend higher and buy dips as long as ACWI-US and EEM-US remain above supports at $110 and $41-$42.</li>
<li>In our previous Int'l Compass (June 27) we discussed the rotation that we believed was starting, whereby global Technology (IXN-US) would consolidate as investors rotate to laggard areas.</li>
<li>This rotation has continued while Technology goes through a healthy consolidation. Continue to focus on other more value-oriented Sectors while Technology/growth consolidates</li>
</ul>


Our bullish outlook (since early-November 2023) remains intact. Continue to ride this trend higher and buy dips as long as ACWI-US and EEM-US remain above supports at $110 and $41-$42.
In our previous Int'l Compass (June 27) we discussed the rotation that we believed was starting, whereby global Technology (IXN-US) would consolidate as investors rotate to laggard areas.
This rotation has continued while Technology goes through a healthy consolidation. Continue to focus on other more value-oriented Sectors while Technology/growth consolidates


Rotation Continues; Bullish Outlook Intact; Buys in Global Financials, Industrials, Discretionary

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

<ul>
<li>
<a href="https://www.smartkarma.com/entities/national-stock-exchange" target="_blank" data-smartkarma-citation="entities:23751:1" rel="noopener">National Stock Exchange (NSEIN IN)</a> updated rule on Collateral for Margin Requirement in Intraday &amp; F&amp;) Trading. </li>
<li>NSE almost trimmed 1000 Securities acceptable as collateral, leaving only about 730 counters for F&amp;O and intraday traders to pledge for margin trading facility.</li>
<li>New Rules will be applicable step by step till Nov-24.</li>
</ul>



National Stock Exchange (NSEIN IN) updated rule on Collateral for Margin Requirement in Intraday &amp; F&amp;) Trading. 
NSE almost trimmed 1000 Securities acceptable as collateral, leaving only about 730 counters for F&amp;O and intraday traders to pledge for margin trading facility.
New Rules will be applicable step by step till Nov-24.


NSE Is Making Future & Options Trading Harder!!!

Forensic Accounting

<ul>
<li>Forensic Forsight will be a bi-monthly report covering Indian companies having corporate governance issues guiding investors on strengthening their ESG investment framework</li>
<li>The issue covers SEBI warning against ICICI Bank for manipulation in delisting process of its key subsidiary.</li>
<li>The report also covers how a EV company disguises shareholders while an Indian renewable energy company is under scrutiny owing to Independent Director Resignation</li>
</ul>


Forensic Forsight will be a bi-monthly report covering Indian companies having corporate governance issues guiding investors on strengthening their ESG investment framework
The issue covers SEBI warning against ICICI Bank for manipulation in delisting process of its key subsidiary.
The report also covers how a EV company disguises shareholders while an Indian renewable energy company is under scrutiny owing to Independent Director Resignation


#1 Forensic Foresight: SEBI Warns ICICI Bank, Suzlon Director Resign, Wardwizard Disguise

India

Suzlon Energy Ltd. designs, manufactures, operates, and maintains wind generating equipment.  The Company constructs large wind parks.

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Suzlon Energy (SUEL IN)

Waaree Energies IPO Trading - Will Ride on Premier Energies IPO Wave

Waaree Energies is looking to raise up to US$514m in its India IPO. In this note, we talk about its RHP updates and IPO valuations.

Sumeet Singh

# 32 India Insight: Reliance Disney Merger, Eureka Forbes Distribution Plans, Suzlon Profits Surges

India's CCI closely examines Reliance-Disney merger, Eureka Forbes expands distribution network, Suzlon's Q1 profits surge 200% YoY.

Sudarshan Bhandari

Rotation Continues; Bullish Outlook Intact; Buys in Global Financials, Industrials, Discretionary

Rotation Continues; Bullish Outlook Intact as $ACWI and $EEM hold above $110 and $41-42; Buys in global Financials, Industrials, and Consumer...

Vermilion Research

NSE Is Making Future & Options Trading Harder!!!

NSE tightens collateral rules for margin trading, reducing acceptable securities trimming more than 1000 Securities which earlier acceptable as F&O...

Nimish Maheshwari

#1 Forensic Foresight: SEBI Warns ICICI Bank, Suzlon Director Resign, Wardwizard Disguise

India Forensic Foresight report will guide investors on ESG framework, highlighting corporate governance issues in Indian companies like ICICI...

Nimish Maheshwari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Waaree Energies IPO Trading - Will Ride on Premier Energies IPO Wave

Waaree Energies is looking to raise up to US$514m in its India IPO. In this note, we talk about its RHP updates and IPO valuations.

Sumeet Singh

# 32 India Insight: Reliance Disney Merger, Eureka Forbes Distribution Plans, Suzlon Profits Surges

​India's CCI closely examines Reliance-Disney merger, Eureka Forbes expands distribution network, Suzlon's Q1 profits surge 200% YoY.

Sudarshan Bhandari

Rotation Continues; Bullish Outlook Intact; Buys in Global Financials, Industrials, Discretionary

Rotation Continues; Bullish Outlook Intact as $ACWI and $EEM hold above $110 and $41-42; Buys in global Financials, Industrials, and Consumer...

Vermilion Research

NSE Is Making Future & Options Trading Harder!!!

NSE tightens collateral rules for margin trading, reducing acceptable securities trimming more than 1000 Securities which earlier acceptable as F&O...

Nimish Maheshwari

#1 Forensic Foresight: SEBI Warns ICICI Bank, Suzlon Director Resign, Wardwizard Disguise

​India Forensic Foresight report will guide investors on ESG framework, highlighting corporate governance issues in Indian companies like ICICI...

Nimish Maheshwari

India's CCI closely examines Reliance-Disney merger, Eureka Forbes expands distribution network, Suzlon's Q1 profits surge 200% YoY.

India Forensic Foresight report will guide investors on ESG framework, highlighting corporate governance issues in Indian companies like ICICI...