The SOIC Podcast

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...

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 d...

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 earnings Why good results still lead to stock price falls Reversal vs momentum investing Portfoli...

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 entir...

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 froze...

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 caps How to spot  early signs of market bottoming A  4-indicator framework  used to judge market cycles How to plan  SIPs and lump-sum investments  during bear markets Why this is about  preparing,...

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 h...

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 performanc...

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 ho...

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 chain National and regional players and how they scale Key investor metrics like margins, ROCE, studd...

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-agnost...

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...

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 pas...

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...

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 busine...

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...

Get ready for an exclusive deep dive into one of the fastest-growing industries on the planet — Drones & Anti-Drone Systems. You’ll learn why this has become a sunrise sector, how modern warfare is changing, the full drone value chain, key components, global leaders, Indian players, and how drones are now used in defence, agriculture, logistics, and critical infrastructure. A quick but powerfu...

In this episode, we break down why FIIs are increasing investments in the Banking & NBFC sector. We explain the 3 key banking cycles—net interest margins, asset quality, and credit growth—and how all three are improving right now. You’ll also learn the ROA framework to evaluate banks/NBFCs, understand NPA trends, and why guidance from major lenders points to stronger credit growth ahead. We al...

Welcome to this episode by SOIC, where we break down India’s fast-growing Pre-Engineered Building (PEB) sector — the backbone of modern manufacturing. In this episode, you’ll learn what the PEB sector is, its total addressable market, and why it’s becoming a key part of India’s private capex boom. We’ll explain how the industry works, its short order cycle, high operating leverage, and what drives...

In this episode, we dive deep into the Battery Energy Storage (BESS) landscape — one of the most exciting and fast-evolving parts of India’s clean energy future. You’ll learn about the need for BESS , the TAM (Total Addressable Market) of the industry, and how it fits into the global shift toward renewable power. We explore the international and Indian value chains , understand where the real prof...

In this Diwali special SOIC podcast, Ishmohit Sir and Amit decode the latest Q2 results and share insights across banking, auto, consumer, and pharma sectors. Learn how to identify early trends, spot “tailwind” industries, and use AI tools like ChatGPT to analyze company reports smarter. You’ll also discover how India’s premiumization and consumption cycles are shaping the next phase of growth—and...

In this episode, we decode why PPFAS Mutual Fund has invested in Zydus Wellness — the company behind brands like Sugar Free, Everyuth, Nutralite, and Max Protein . You’ll learn how Zydus is shifting from seasonal FMCG products to fast-growing health and nutrition categories, expanding across India and even into Europe. We also discuss key insights on growth, acquisitions, valuations, and risks — a...

Ever wondered who really wins when the temperature rises? In this episode, we break down India’s air conditioner industry — its seasonality, growth drivers, and profit pool. You’ll learn how the entire value chain works, from component makers to brands, and discover insights from five major companies shaping India’s cooling story. A must-listen for anyone who wants to understand where the real lon...

In this episode of SOIC Podcast, Co-Founders of  Persistence Capital , Ishmohit Arora and Siddhant Bhandari (CIO & Global Investor), break down the big themes shaping markets in India and across the world. You’ll learn: Why some stocks rise on  growth-at-any-price  and the risks behind them How to spot  self-help stories  — companies that reinvent themselves and create long-term wealth The glo...

In this episode, we break down the alcohol industry in India — from market size and categories to pricing, premiumization, and consumer trends. You’ll learn how volume and value growth differ, why premiumization is driving higher margins, and what challenges the industry faces with high taxes, strict regulations, and advertising bans. We also explore key mental models to understand what makes a co...