Abhijit Khadilkar

Innovative.
Stock Market Enthusiast.
Chess Lover.
Newsletter : @

[Abhijit Khadilkar @askhadilkar]

Relax. Solve the part of the problem that you can. Repeat.

[Abhijit Khadilkar @askhadilkar]

@peeyushc Yup, thanks!

[Abhijit Khadilkar @askhadilkar]

@harshmadhusudan Agreed and closely tracking this. It creates an economic corridor and gives multiplier effect to economy.

How powerful it can be to connect Mumbai , Pune and Hyderabad within just 3 hrs. Think next 20-30 years and you will realize it has great potential

[Abhijit Khadilkar @askhadilkar]

Thanks for posting this. I am personally very bullish on biocon and has been gradually accumulating in personal capacity.

IMO, Biocon today resembles:
/ A company standing after a decade long caprx cycle
/ Trying to prove the assets can now monetize.

The real fun begins when the earnings engine starts firing.

I am closely tracking their Biosimilars EBITDA margin. Currently it is close to 26%., If it becomes 30% + @ scale → that changes the game altogether. That would change ROE, ROCE, FCF

Their Biosimilars business though not #1 , has scale, pipeline and global footprint. So very keen to see how this unfolds.

And as always thanks for sharing your views and educating us.

[Abhijit Khadilkar @askhadilkar]

@realhyderabad86 Most people really don't grasp S-curve dynamics..disruptive technologies pick up unmatched pace when the they are past adoption phase.

Overall real estate story is going to be scary going ahead. The impact will initially be very slow and then sudden.

[Abhijit Khadilkar @askhadilkar]

Elon is a single minded fanatic.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Elon Musk says when he launched SpaceX, $SPCX, he gave the company "less than a 10% chance" of succeeding.

Today, SpaceX is debuting the largest IPO in history, which is 2.5 TIMES larger than the previous largest IPO.

[Abhijit Khadilkar @askhadilkar]

@realhyderabad86 adding a bullet train stop at shamshabad airport is a masterstroke.

[Abhijit Khadilkar @askhadilkar]

@realhyderabad86 Pressure tactics.

Banks and housing finance companies often cross-sell home loan insurance aggressively during disbursement. Staff may imply it's "mandatory" for loan approval, or delay processing if you resist.

[Abhijit Khadilkar @askhadilkar]

This is just an open source investigative work using public procurement records by a 12th standard student.

Interesting times.

[Sarthak Sidhant @sidhant_sarthak]

CBSE has systematically rewritten its rulebook to favor Coempt Eduteck.

check out the blog.

[Abhijit Khadilkar @askhadilkar]

A good read.

This can be summarized as the snake eating its tail.
1/ AI destroys duration
2/ Markets stops valuing distant future
3/ Valuation collapses
4/ Capital becomes expensive
5/ AI investment slows
6/ AI progress slows
7/ AI kills the market that funds AI.

[Chamath Palihapitiya @chamath]

https://t.co/kJc3ewLW69

[Abhijit Khadilkar @askhadilkar]

It's the beginning of a more competitive era.
Magnus will bounce back in the next tournaments but the gap is closing in.

[ChessBase India @ChessbaseIndia]

It has been 16 years now that Magnus Carlsen is the highest-rated player in the world - he emerged as World no.1 in the January 2010 FIDE Rating list, and has since stayed there. A huge testimony to Magnus' unreal strength is, in his entire career there have only been 3 times he has lost twice to the same opponent in a classical tournament!

The first recorded instance we could find was in Linares-Morelia 2007 - a 6-player classical double Round Robin Tournament with the best players in the World. @vishy64theking Anand defeated Magnus with both colors, and went on to win the tournament a full point ahead of Magnus who finished 2nd!

In the Bilbao Masters Grand Slam Finals in 2008, it was Veselin Topalov who defeated Magnus with both colors. Topalov won the tournament!

Since then, there were no such events where Magnus lost to the same opponent twice in an classical event. That was until 2nd June, 2026 - Praggnanandhaa defeated Magnus Carlsen with both colors at Norway Chess 2026!

These stats speak to the amazing strength of Anand, Topalov, and Pragg - but perhaps more so about the incredible longevity of Magnus Carlsen! The World is looking forward to his last 2 classical games at Norway Chess - we'll see Magnus playing Classical Chess again at the FIDE Olympiad 2026 this September.

Photos: Oscar Javier, Nadja Woisin, Michal Walusza
#chess #chessbaseindia #magnuscarlsen

[Abhijit Khadilkar @askhadilkar]

Agreed, The trust, familiarity, and efficiency a long-term maid brings is very hard to replicate with on-demand services.
That said, I’m watching this space closely, as I am tracking listed Urban Company in my watchlist. To me, it still looks like a classic loss-making bet that many startups are doubling down on. Unit economics are quite poor... average order value is around 200, and companies are reportedly losing 2x that per order just to fuel discounts and grab market share.
I’d be surprised if a clear winner emerges here like we saw with Blinkit. This vertical is expected to take much longer to breakeven (possibly by FY31).
Having said that, order volumes are scaling quite fast, so there might still be something meaningful in the instant home services segment that I am missing. Interesting space to track.

[Abhijit Khadilkar @askhadilkar]

United spirits investor presentation is a good read. Sharing key takeaways:

#1 The most important word is : Repertoire

Earlier : one brand loyalty
Now: consumers try multiple categories. different category as per the occasion.

Think: whisky at family dinner, tequila shots at club, single malt for gifting.
When this happens, wallet share expands massively.
Basically commodity consumption --> lifestyle consumption.

#2 India 1/India 2/India 3

This is classic consumer laddering strategy. Most brands does this.
The slide captures how strategically they have places their brands to capture individual needs of India 1/2/3
They are not treating India as "one market" but different categories and segments. That is very smart.

#3 I really liked how they have explicitly called Maharashtra policy issues is what held them back on the first fking page.

[Abhijit Khadilkar @askhadilkar]

@aditya_kondawar I do not understand if this is positive or negative

[Abhijit Khadilkar @askhadilkar]

Our edge cannot be anywhere even near this.
Nanosecond latency or 4000 GPUs is insane.

However, our edge can come from knowing how the market microstructure is changing and by not playing Jane Street’s game. play a completely different, much longer one: where the odds can actually be in your favour.

I was also reading Scott Galloway where he mentioned price action is now driven by flows and machine responses NOT human panic.
And machines only react when the risk finally hits earnings, rates, inflation and liquidity.
That is the reason why US markets are so calm viz a viz much impacted Indian markets during the Iran conflict.

[Abhijit Khadilkar @askhadilkar]

Our edge cannot be anywhere even near this.
Nanosecond latency or 4000 GPUs is insane.

However, our edge can come from knowing how the market microstructure is changing and by not playing Jane Street’s game. play a completely different, much longer one: where the odds can actually be in your favour.

I was also reading Scott Galloway where he mentioned price action is now driven by flows and machine responses NOT human panic.
And machines only react when the risk finally hits earnings, rates, inflation and liquidity.
That is the reason why US markets are so calm viz a viz much impacted Indian markets during the Iran conflict.

[Nithin Kamath @Nithin0dha]

What's your edge 😬

[Abhijit Khadilkar @askhadilkar]

@BaapofOption @Viki503128325 A bullish marubozu candle to end the day - suggests total buying dominance & strong momentum.

Long way to go I guess?

[Abhijit Khadilkar @askhadilkar]

Photo from Xiaomi 17 ultra phone.

Modern camera systems are becoming an AI systems that happen to output a photo.
Photo is camera + software pipeline + AI

All that extra clarity is AI assisted.

[Abhijit Khadilkar @askhadilkar]

Good read, thanks Ameya.

Especially liked the angle where you mentioned the future would be GCC + Services coexisting.
Very much see this happening and would be a great out come for India where we can move up the value chain from just low cost delivery to product engineering.

Also, if GCCs were cannibalizing, services revenue would flatten which we do not see playing out yet.

[Abhijit Khadilkar @askhadilkar]

I’m firmly with the “live in India” camp.
Family, culture, opportunity all things are unmatched.

However, the only hard truth that you need to face is: depreciating rupee. It is down 13% against dollar this year. If your savings and investments are in rupees, those are losing value against the dollar

India gives you growth, cost advantage and very good lifestyle but takes away global purchasing power.

A note to self: at least some portion of assets should be aligned with the currency the world runs on.