Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Pranav Bhavsar & the team at India Independent Insight (Iii), provide research on consumer companies operating or have exposure to in India. The research methodology focuses on carrying out on-the-ground channel surveillance/checks that include supplier/distributor/customer interactions, access to industry experts, and bespoke primary data sources that aid in providing unique insights and counter consensus ideas.  

Leveraging the team's forensic analysis along with channel surveillance, the team at Iii also aids investors in early identification of changing consumer trends, identification and quantification of accounting/governance risks, and the associated impact on the business model of the company.

Pranav has over 15 years of experience in the Indian equity market, and has worked with some of the global activists, long only and PE funds for their India projects. Prior roles also include building and leading an institutional sell-side desk. In his free time, Pranav is a traveler, biker, and a young Indian contributing to the country’s social and economic development.

Consumer Analyst / Channel Surveillance Specialist

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

ASA Capital Management

ASA Capital Management is a boutique Research and Investment Advisory firm focusing on primary research in India. ASA provides bespoke research services to Institutional Clients with a focus on due diligence backed with primary research, Field Trips & Channel Checks.

Equity Bottom-Up

We see no reasons why <a href="https://www.smartkarma.com/entities/hindustan-unilever-ltd" target="_blank" data-smartkarma-citation="entities:13828:1" rel="noopener">Hindustan Unilever (HUVR IN)</a> investors should shift to <a href="https://www.smartkarma.com/entities/itc-ltd" target="_blank" data-smartkarma-citation="entities:327:1" rel="noopener">ITC Ltd (ITC IN)</a> . There are no near term catalysts in sight for <a href="https://www.smartkarma.com/entities/itc-ltd" target="_blank" data-smartkarma-citation="entities:327:1" rel="noopener">ITC Ltd (ITC IN)</a> warranting this shift.
HUVR is an elephant with a proven track record and has already proven its dancing abilities with its unique and pro-active initiatives that are reflected in its superior capital allocation. 
For ITC, consensus continues to look inward like an Ostrich ignoring structural headwinds that are affecting the Tobacco business along with poor capital allocation due to multiple businesses that come under ITC.
We would recommend riding the ELEPHANT (HUVR).

We see no reasons why Hindustan Unilever (HUVR IN) investors should shift to ITC Ltd (ITC IN) . There are no near term catalysts in sight for ITC Ltd (ITC IN) warranting this shift.
HUVR is an elephant with a proven track record and has already proven its dancing abilities with its unique and pro-active initiatives that are reflected in its superior capital allocation. 
For ITC, consensus continues to look inward like an Ostrich ignoring structural headwinds that are affecting the Tobacco business along with poor capital allocation due to multiple businesses that come under ITC.
We would recommend riding the ELEPHANT (HUVR).

HUVR Vs ITC | The Dancing Elephant and the Ostrich