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Blogs, Senthil Manikandan

The Electronic Component Manufacturing Scheme (ECMS): Moving from Assembly to Deep Value Capture

For equity allocators tracking India’s Electronics Manufacturing Services (EMS) explosion, the initial wave of growth was driven by surface-level box-building and final […]

ithoughtSeptember 3, 20264 min read
Blogs, Senthil Manikandan

Electric 2W Startups: Decoding the Financial Trajectories of Ather, Ultraviolette, and River

The Indian electric two-wheeler (E2W) market has evolved from a nascent ecosystem into a high-stakes arena of industrial design, aggressive capital deployment, […]

ithoughtAugust 25, 20262 min read
Blogs, Senthil Manikandan

The Biosimilar Patent Cliff: India’s $300-Billion Window Before It Shuts

NITI Aayog’s Frontier Tech Hub report (July 2026) on Bio Economy should be read by institutional allocators as an industry roadmap, not […]

ithoughtAugust 19, 20263 min read
Blogs, Senthil Manikandan

Q1 Earnings Pulse: Reflation, Resilient Demand, and the Margin Conversion Shift

As Q1 corporate earnings season progresses, earnings delivery is following a distinct narrative: demand remains resilient across the economy, but performance is […]

ithoughtAugust 11, 20262 min read
Blogs, Senthil Manikandan

The ₹8.60 Spread: Where the Grid’s Profit Pool Is Moving

The Constraint Has Moved: For two decades, Indian power was an infrastructure story: build capacity, close the deficit. That trade is done. […]

ithoughtAugust 4, 20265 min read
Blogs, Senthil Manikandan

Evolving Landscape in the Indian Beverage Sector

The Indian Carbonated Soft Drink (CSD) market is undergoing a notable evolution. While the entry of Reliance-backed Campa Cola has heightened sector […]

ithoughtJuly 29, 20264 min read
Blogs, Senthil Manikandan

Who Moved the Cheese in the Luggage Industry?

If you walked into a luggage store a decade ago, the script was predictable. You’d haggle over a heavy, two-wheeled soft trolley […]

ithoughtJuly 22, 20264 min read
Blogs, Senthil Manikandan

Where the Real Alpha Lies in the Electric Vehicle Theme

For investors in Indian equities, evaluating the electric vehicle (EV) ecosystem has long felt like tracking a moving target. Evolving subsidies, ambitious […]

ithoughtJuly 14, 20263 min read
Blogs, Senthil Manikandan

Consumption sector: Q1 FY27 results expectation and the demand resilience

The data from the Q1FY27 business updates from consumption companies explicitly shows that the “consumption demand is resilient”. 1.     Broad-Based growth When […]

ithoughtJuly 7, 20264 min read
Blogs, Senthil Manikandan

Auto Retail Sales Continue to Show Resilience in Q1 FY27

The first quarter of FY27 has delivered exactly the kind of broad-based, accelerating demand we like to see at the start of […]

ithoughtJuly 1, 20264 min read
Blogs, Senthil Manikandan

100 Days of Geopolitical Conflict: Separating Market Noise from Economic Reality

It has been approximately 100 days since the geopolitical escalation involving the US, Israel and Iran altered the global macroeconomic landscape. Periods […]

ithoughtJune 16, 20262 min read
Blogs, Senthil Manikandan

Decoding the Economy for Portfolio Strategy

To find the real investment signals, you must look past the aggregate indices and examine the raw, on-ground data and structural economic […]

ithoughtJune 8, 20261 min read
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