President Donald Trump’s decision to impose reciprocal tariffs can impact India’s export-oriented sectors, which include the IT, pharmaceuticals, textiles, and engineering companies.
Earlier he said “India charges tremendously high tariffs”, Further he said to the reports before meeting Prime Minister Narendra Modi “I will charge a reciprocal tariff. Any country that charges the US a tariff will receive tariffs of the same amount. No more or less. In other words, if they charge us tax or tariffs, we will charge them the exact same tax or tariffs. Very simple”.
While there are opportunities for growth in electronics, machinery, and others, his focus is on reducing trade deficits and that could result in higher tariffs on Indian products. Renewable energy companies may face challenges as Trump’s support for fossil fuels could lead to tariffs on solar panels and wind turbines.
Key exports like electrical machinery, gems, pharma products, autos, and steel are at risk. Sectors such as food, vegetables, textiles, and clothing will likely face the most impact. Based on President Trump’s comments on reciprocal tariffs, some Indian companies might be affected by the exposure.
Here is the list of Indian stocks that can be affected due to President Trump’s reciprocal tariff decision on India
Waaree Energies
This Solar company was founded in 1989 and is India’s largest solar PV module manufacturer with a 13.3 GW capacity. They offer EPC services, rooftop solutions, and solar water pumps, with a presence in 68 countries. They are expanding into cell manufacturing to 5.4 GW.
With a market capitalization of Rs. 60,414.22 Crores, the shares of Waaree Energies were trading at Rs. 2,102.95 per equity share, down 4.18 percent from its previous day’s close price.
Dr. Reddy’s Laboratories
The company was founded in 1984 and they develop, manufacture, and market a wide range of pharmaceuticals in India and overseas, including in the US. They have multiple FDA-approved plants.
With a market capitalization of Rs. 99,287.63 Crores, the shares of Dr. Reddy’s Laboratories were trading at Rs. 1,189.95 per equity share, down 2.73 percent from its previous day’s close price.
Sona BLW Precision Forgings
This Auto Ancillary company earlier known as Sona Comstar, is an Indian automotive tech company that designs, manufactures, and supplies key components like gears and EV traction motors for global OEMs in the US, Europe, India, and China. They have 10 plants across India, the USA, China and Mexico.
With a market capitalization of Rs. 30,830.99 Crores, the shares of Sona BLW Precision Forgings were trading at Rs. 495.90 per equity share, down 3.71 percent from its previous day’s close price.
Bharat Forge
This Kalyani Group company was founded in 1961 and involved forging business in the automotive, energy, construction, railway, mining, marine, aerospace, and defence industries. They are a global leader in high-performance components and offer end-to-end solutions, with manufacturing facilities in multiple countries.
With a market capitalization of Rs. 50,983.37 Crores, the shares of Bharat Forge were trading at Rs. 1,066.40 per equity share, down 0.88 percent from its previous day’s close price.
UPL
This company is into manufacturing and marketing of agrochemicals, and specialty chemicals, and offering sustainable agricultural solutions in 140 countries. They have over 14,000 product registrations. They have a global presence with manufacturing in 33 units across 11 countries.
With a market capitalization of Rs. 52,471.70 Crores, the shares of UPL were trading at Rs. 613.10 per equity share, down 2.63 percent from its previous day’s close price.
Gokladas Exports
Gokaldas Exports was established in 2004 and is a major Indian apparel manufacturer and exporter. They offer a range of apparel products while operating with over 15,000 machines across 20 units and exporting to 50+ countries.
With a market capitalization of Rs. 6,441.99 Crores, the shares of Gokaldas Exports were trading at Rs. 901.40 per equity share, down 8.29 percent from its previous day’s close price.
Written by Santhosh
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