The SOIC Podcast

In this episode, we analyze the current state of the Indian stock market and understand whether the market is nearing a bottom.We discuss how narratives influence investor behaviour, why market sentiment becomes extremely negative near bottoms, and what historical data tells us about Nifty valuations when the PE ratio falls near 20.We also explore market breadth indicators, SIP strategies based on valuations, global market comparisons, and sectors where opportunities may be emerging including recycling, regional banks, gold lenders, hospitals, data centers, chemicals, and CDMO businesses.If you are a long-term investor trying to understand the current market cycle and where the risk-reward may be improving, this episode will give you a clear framework to think about markets.

The IT sector is facing valuation derating, and many investors believe that Artificial Intelligence could disrupt traditional IT services. But is AI really a threat, or could it actually increase the demand for software and engineering talent?In this episode, we break down what is happening in the IT sector, why this fear has emerged, and what the data actually suggests. We also discuss four unique companies whose business models may benefit from the AI wave rather than be disrupted by it.The goal of this episode is to help investors think differently and identify opportunities in a sector where market sentiment is currently negative.

In this episode, we discuss how global macro events like the Iran–US–Israel conflict create fear in financial markets and how investors should respond during uncertain times.Using historical data from events like the Kargil War, 9/11 attacks, and the Russia–Ukraine war, we explore how markets often see short-term drawdowns but eventually recover over the long term.We also talk about behavioral investing, the “behavior gap” that causes investors to underperform markets, and why emotional decisions can hurt long-term wealth creation.Finally, we look at current Nifty 50 valuations, small-cap cycles, and key indicators that help identify attractive opportunities in the market.If you want to learn how to stay calm during market fear and make smarter long-term investing decisions, this episode will give you valuable insights.

In this episode, we are joined by Siddhant Bhandari, CIO at Persistence Capital. we do a complete market temperature check on the Indian stock market, especially small caps. We analyze earnings trends across sectors, identify industries showing strong growth, and discuss emerging themes like manufacturing, CDMO, internet businesses, and data center proxies. We also decode why small caps corrected, what history teaches about market cycles, and how long-term investors can find opportunities even during drawdowns. This conversation helps investors understand where the market stands today and which sectors could surprise with future earnings growth.

In this episode, we break down the future of the IT sector and how AI is changing the entire industry.We discuss why IT stocks have been falling, whether the traditional IT services model is breaking, and how Global Capability Centers are taking share from outsourcing companies.We also analyse different IT segments like ER&D, mid and small-cap IT, vertical specialists, and SaaS companies to understand which areas face disruption and where real opportunities may still exist.If you want to understand how AI could impact IT growth, valuations, and long-term investment opportunities, this episode gives a complete framework to think about the sector.

In this episode, we break down how to identify truly unique market leaders — businesses with strong moats, scalable growth, and structural competitive advantages.We cover six differentiated business models across sectors: an auto ancillary proxy to the ICE cycle, a specialty chemicals company with sustainable margins, a pure-play CDMO pharma model, a waste-to-wealth specialty fats business with deep sourcing moat, and global semiconductor equipment and advanced packaging players benefiting from the AI capex boom.More importantly, we discuss how these could potentially evolve into future stock market leaders as their industries scale and competitive advantages strengthen over time.This podcast gives you a clear investing framework to spot high-quality future businesses early and independently screen the next generation of market leaders.

In this episode, we break down the Q3 results season and explain what the numbers are actually telling us.We discuss why indices are misleading, why this is a stock picker’s market, and how earnings, expectations, and market cycles really drive returns.We cover:How to read broader market earningsWhy good results still lead to stock price fallsReversal vs momentum investingPortfolio construction in a weak marketKey trends across midcaps, auto, banks, microfinance, manufacturing, and AI capexThis is a thinking framework episode — not stock tips — focused on how long-term investors should navigate volatile markets.

In this episode, we speak with Sagar Arya, Co-Founder of Xponent Tribe, to understand the global commercial aerospace industry and why India is becoming a key part of the global supply chain. We discuss massive order backlogs at Airbus and Boeing, supply chain failures in the West, and how this is creating a big opportunity for Indian aerospace companies. The conversation breaks down the entire aerospace value chain in simple terms — from raw materials and machining to tier-1 suppliers, MRO, and final aircraft assembly — while comparing global and Indian players. We also share a clear investor framework to judge entry barriers, complexity, risks, and long-term potential in aerospace businesses.

In this episode, we explain why gold is going up and what it tells us about the world economy. We talk about how the old US-led global system worked, why it is breaking now, and how rising debt, money printing, and geopolitical tensions are changing where money flows. You’ll learn why central banks are buying gold, why this rally is not driven by retail investors, and how wars, tariffs, and frozen reserves have reduced trust in global systems. We also explain the commodity cycle, why metals like copper are in shortage, and what this means for stock market investors.More importantly, this episode helps you see what is changing quietly behind the scenes — where power, money, and risk are shifting. If you want to understand why the world is moving in this direction and how investors should think in the next decade, this episode will connect the dots.

Most stocks are down 28–30%, but the index doesn’t show it.So… are we really in a bear market? And is the bottom close?In this episode, you’ll learn:Why the real pain is hidden in mid and small capsHow to spot early signs of market bottomingA 4-indicator framework used to judge market cyclesHow to plan SIPs and lump-sum investments during bear marketsWhy this is about preparing, not predictingIf you want a clear process to understand where the market stands and how long-term investors should act in tough phases, this episode is for you.

In this episode, SOIC speaks with Himanshu Sharma (The Chartist) about how successful investors actually think about the stock market.Instead of choosing between fundamentals or technicals, this conversation explains how both work together to build a practical investing framework. You’ll learn why fundamentals help filter good businesses, why technicals help with timing and risk management, and how the best investors combine the two.The episode covers key ideas like fundamental catalysts, relative strength, stage analysis, market cycles, and why multibaggers are often found near their highs. It also explains common mistakes investors make, how to avoid weak stocks, and why psychology and discipline matter more than predictions.This is not about stock tips or quick trades.It’s about learning how to think clearly about investing, understand risk and reward, and build a framework you can use across different market conditions.If you want to improve your decision-making and learn how experienced investors approach the market, this episode is for you.

In this episode, we explain why past returns don’t guarantee future returns, even for high-quality businesses.Through real case studies like HDFC Bank, DMart, Page Industries, and Asian Paints, we show how high valuations, slowing growth, and strong market narratives can lead to years of poor or zero returns.You’ll learn why big companies grow slower over time, how competition impacts performance, and how to use a simple framework to question popular, expensive stocks.This episode is about thinking clearly when everyone is optimistic.

In this episode, we share 7 big investing ideas for 2026 to help you invest with clarity after a volatile 2025.You’ll learn how to spot tailwinds, avoid headwinds, build a clear investing setup, and think long term.Each idea is explained using practical company and sector examples, so you can apply it in real investing decisions.You’ll also understand when to stay invested, when to exit, and how compounding works over time.What this episode covers- Tailwinds vs headwinds- Investing with a clear setup- Power of compounding and long-term thinking- Changing market cycles and new winners- Key themes to study for 2026- Global investing mindset- Key Learnings & Book SuggestionsThis episode is for investors who want less noise, more clarity, and better long-term outcomes.

In this episode, we deep-dive into the Indian Jewellery Industry with Abhishek Jain — a jeweller with over 30 years of industry experience and an active investor.This podcast covers the complete jewellery business from an investor’s point of view, including:Jewellery industry basics & value chainNational and regional players and how they scaleKey investor metrics like margins, ROCE, studded ratio & inventory turnsContract manufacturers and their unit economicsCertification companies and their role in trust & pricingLab-grown diamonds (LGD) — opportunity, risks & future outlookAbhishek also explains gold hedging, gold metal loans, and why jewellery businesses focus on stable margins instead of gold price speculation.If you want to understand how jewellery companies actually make money and how investors should analyze this sector, this podcast gives you a clear A-to-Z framework.

In this episode of SOIC, we discuss a powerful investing mental model called product mix change. We analyze two precision engineering companies — SANSERA Engineering and Shriram Pistons & Rings — to understand how legacy auto businesses are using their cash flows to build future-ready segments.Sansera is moving beyond ICE auto components into aerospace, defence, semiconductors, and EV-agnostic parts, while Shriram Pistons is using its pistons business as a cash cow to expand into automotive interiors and ambient lighting through acquisitions.This episode is not about buy or sell recommendations. It is initial research focused on understanding how businesses transition over time and how investors can track long-term value creation using the product mix change framework.

In this episode of SOIC, we do a complete top-down analysis of the Indian stock market.We break down why the market is in a bear phase, where valuation comfort is emerging, and which sectors are weakening or improving.We analyze B2G-linked sectors, EMS, solar, transformers, consumption, financials, and small caps, using valuations, market breadth, and cycle analysis.You’ll also learn how to spot opportunities during volatility, understand sector rotation, and prepare for the next market cycle with a clear framework.This episode is a market temperature check to help you think clearly, avoid noise, and invest with discipline.

In this episode, you will learn everything about Mutual Funds for 2026 and beyond.We explain the difference between mutual funds and active stock picking, why thinking like a unit collector is important, and how to build wealth using SIP.You will also learn a simple framework to choose mutual funds, which flexi cap, mid cap, and small cap funds are worth tracking, and how to use ETFs and passive investing for the next few years.This episode is perfect for beginners as well as long term investors who want a clear, practical approach to investing without confusion.

In this episode, you’ll learn the core idea of Proxy Investing - a simple way to find companies that benefit from big trends without being in the spotlight. You’ll learn how suppliers and enablers grow faster than the main industry players, how downstream companies profit from themes like AI, data centers, power, chemicals and industrialization, and how to identify these proxies using value chains, order books and tailwinds. With clear examples from India and global markets, this episode gives you an easy, practical framework to find better businesses in any sector.

In this episode, we break down the airport operators industry — a toll-road style business with high entry barriers, predictable cash flows, and long-term growth potential. We explore global case studies, India’s aviation value chain, and a deep dive into key companies. We also cover revenue models, valuations, risks, and the future outlook of the sector. If you’re interested in asset-heavy businesses and long-term compounding themes, this episode is for you.

This special SOIC podcast with Ishmohit Arora dives deep into the Q2 FY26 earnings season and the real trends shaping India’s markets. We break down which sectors delivered standout results — from Pre-Engineered Buildings, Banks/NBFCs, Auto Ancillaries, Shipbuilding, Telecom, Ports & Airports, to strong performers in Diagnostics, Ratings, and Power.You’ll also learn how earnings downgrades are bottoming out, which sectors show early strength for H2, and the concalls every serious investor should read. Packed with insights, frameworks, and practical habits, this episode will sharpen your research process and help you understand where the next set of opportunities may emerge.