Independent equity research · Indian markets & REITs
Evidence over narrative.
Arthaay publishes transparent, data-first research on Indian equities and REITs — with every position, every number, and every methodology documented in the open.
Free Forever • Twice a Month • No tips or predictions
Not stock tips. Not predictions. Not hype.
1st of every month
Portfolio Ledger
A full, transparent record of current holdings, changes made, and the reasoning behind them.
15th of every month
Research Note
Deep, evidence-based coverage of a single company or REIT — thesis, risks, and valuation laid out in full.
What We Believe
Business performance is the primary driver of investment outcomes over the long term.
Valuation sets the boundaries of a reasonable outcome — it does not predict the outcome itself.
Intellectual honesty matters more than being right on any single investment.