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Manika Bhalla    



Delhi, India

Economics Honors graduate and CFA Level ll cleared, equipped with strong analytical skills and a solid foundation in finance. Experienced in financial modeling and valuation, with a keen interest in equity research and investment analysis.

Contributor since: 2025

Articles: 10

Likes: 2

Comments: 7

Followers: 4

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Unlisted, Unstoppable: The National Stock Exchange and the Silent Revolution in India’s Markets

As the National Stock Exchange of India (NSE) turns 30, it stands as the unseen engine of India’s growth—powering how the nation invests, raises capital, and builds wealth. With unmatched market dominance, cutting-edge technology, and strong institutional backing, NSE has evolved into the financial backbone of India’s economy. Profitable, resilient, and future-ready, it remains a core investment story in India’s journey toward becoming a developed economy by 2047.

From Niche to Scale: Why ESDS Could Be the Next Big Cloud Play in India

ESDS Software Solution Ltd. is a leading cloud and managed services provider in India with strong revenue growth, high margins, and sticky clients. Positioned between large and niche players, it is expanding in AI/ML, data centres, and green cloud solutions. With promising forecasts and multi-bagger potential, ESDS is an attractive long-term investment.

Why Groww Could Outpace Traditional Brokers by 2030

Groww, India’s No.1 retail broker, has rapidly scaled into a market leader with strong revenue growth, retail dominance, and improving profitability. Backed by a diversified business model and industry tailwinds, it is well-positioned as a long-term compounding story. Even under conservative scenarios, Groww’s unlisted shares offer attractive return potential.

From Mid-Tier to Market Leader: Transline’s Growth Story in AI & Security

Transline Technologies is a fast-growing security and AI solutions provider with strong proprietary products, rising revenues, and industry-leading margins. Positioned in high-growth areas like IoT, smart cities, and digital surveillance, it offers investors a compelling opportunity in India’s digital infrastructure space.

NCDEX Gets SEBI Nod for Equity Segment: High-Risk, High-Reward Bet for Long-Term Investor

NCDEX, India’s leading agri-commodity exchange, has received SEBI’s nod to enter the equity segment under key conditions. While currently loss-making in its core operations, NCDEX’s expansion plans and monopoly in agri-derivatives position it as a high-risk, high-reward bet for long-term investors.

NCDEX Unlisted Share: India Agri Trading Giant

NCDEX, India’s leading agri-derivatives exchange with a 97% market share in the segment, is undergoing a strategic transformation despite recent losses. Backed by strong institutional investors and minimal debt, it is expanding into equity and weather derivatives to diversify revenue. With a focus on innovation, risk management, and long-term growth, NCDEX presents a compelling opportunity in the unlisted space for forward-looking investors.

Clear Vision, Bold Moves: Why Lenskart’s IPO Is Grabbing Headlines

Lenskart, India’s top eyewear brand, has grown 3.5x in revenue and turned EBITDA-positive by FY24. With 2,500+ stores and major tech investments, it’s now eyeing a $1 billion IPO at a $10 billion valuation. As the eyewear market booms, Lenskart is expanding into Tier 2 & 3 cities while transforming into a tech-first retail disruptor.

Powering India's Energy Market: A Deep Dive into PXIL

Power Exchange India Limited (PXIL) is a leading power trading platform in India, backed by strong financials, efficient operations, and a solid risk management framework. With rising electricity demand and green energy tailwinds, PXIL holds promising long-term growth potential.

BigBasket and the Future of Online Retail in India

BigBasket, backed by Tata Digital, is leveraging a hybrid delivery model, tech-driven operations, and expanding verticals like BB Now to strengthen its presence in India\'s fast-growing online grocery space. Despite ongoing losses, improving margins and strategic synergies signal a path toward long-term growth and profitability.

OptiValue Tek Consulting Ltd — A Small-Cap IT Powerhouse with Big Ambitions

OptiValue Tek Consulting Ltd is an emerging small-cap IT services player with strong margins, positive cash flows, and a scalable digital-first model. As it gears up for its SME IPO, the company offers early exposure to high-growth tech themes like AI, API integration, and enterprise automation—making it a promising bet for long-term investors.