▸ Track record
Calls in flight, calls we got wrong.
Every thesis SvarQ has published, with the date it went on, the condition that would kill it, and where it stands today. Updated monthly. Wrong calls stay on the page.
▸ In flight
Open
3
| Thesis | Entry | Status | Current view |
|---|---|---|---|
| Rare Earth Magnets | 30 Apr 2026 Thesis dated 30 Apr 2026 | Open | Trade is on. MP Materials leg held through the April rerate. November 2026 expiry of Announcement 70 is the next catalyst we are watching. No change to thesis. |
| Steel, Towers, and a Supercycle | 29 Apr 2026 BUY at Rs 598 | Open | Thesis intact. FY27 transmission tender pipeline now visible at Rs 1.32 lakh crore, ahead of base case. Order book +18 percent QoQ in Q4 FY26. Position held at starter size. |
| The Reflexive Trinity in Indian Equities | 26 Apr 2026 Framework dated 26 Apr 2026 | Monitoring | Seven of ten hypotheses still supported. SIP stoppage ratio printed 47 percent in April, well inside the safe zone. Watching March 2026 SEBI flow data for the next confirm. |
A note on how we track
Entry date is when the thesis was first published. Current view is updated when something material changes. We close a position when the catalyst hits, when the invalidation triggers, or when we change our mind. Closing reasons are kept honest. If we got it wrong, the row says so.