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Inflection Point Research

SEBI Registered Research Analyst. Deep dive into Indian Equities

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Latest Issues

IGIL: Paid Per Diamond, Whatever the Price

Hello Friends,

A short one today, with a more detailed breakdown in the video below.

In the latest industry price data, for April to June 2026, lab-grown diamond wholesale prices were about 13% lower than a year earlier. In the very next...

7 days ago
3

The Mother Machines: India's CNC Industry, and the Two Rajkot Companies Trying to Replace ₹21,628 Crore of Imports | Sector Deep Dive

By Karnik | Inflection Point Research | October 2026

Hello friends,

Look around the room you are sitting in.

The phone in your hand has a metal frame milled to within a few hundredths of a millimetre. The chair has a gas cylinder with a...

10 days ago
8
1

EAAA IPO: Edelweiss Lists the Business That Funds What Banks Won't | IPO Analysis

By Karnik | Inflection Point Research | October 2026

Hello friends,

Picture a road developer in Rajasthan. He has spent four years and a few hundred crore building a four-lane highway. The tolls are now flowing, the traffic counts are bet...

14 days ago
3
1

Tonbo Imaging IPO: India's Thermal Eyes, and the Fine Print Behind Them

Inflection Point Research | Karnik Shah | October 2026

Hello friends,

Tonbo is the Japanese word for dragonfly. A dragonfly is, more or less, a pair of eyes with wings attached. Its compound eyes carry tens of thousands of individual lens...

21 days ago
9
1

The Toll on the Free Road- Paytm and PineLabs Analysis

By Karnik | Inflection Point Research | September-October 2026

Hello friends,

On the morning of 9 November 2016, the day after five hundred and one thousand rupee notes stopped being money, a company most Indians knew as a place to rechar...

a month ago
7

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