Probable list of Indian companies that could be impacted by the 25% US hike.
Textiles & Apparel (Largest exposure: $25B exports to US)
•KPR Mill
•Vardhman Textiles
•Arvind Ltd
•Page Industries
•Gokaldas Exports
•Welspun India
Pharmaceuticals (~$11B exports to US)
•Sun Pharma
•Dr. Reddy's Labs
•Lupin
•Aurobindo Pharma
•Cipla
•Zydus Lifesciences
Electronics & Consumer Durables (~$15B exports to US)
•Dixon Technologies
•Amber Enterprises
•Bharat FIH (Foxconn India)
•Syrma SGS Technology
•Kaynes Technology
Auto Ancillaries & Industrials
•Motherson Sumi / Samvardhana Motherson
•Sundram Fasteners
•Bharat Forge
•Bosch India
•Endurance Technologies
Machinery & Engineering
•L&T
•BHEL
•Thermax
•ABB India
•Havells / Polycab (via cables, switchgear exports)
Agro Exports
•KRBL
•LT Foods
•Avanti Feeds
•Apex Frozen Foods
Gems & Jewellery
•Titan Company (Tanishq)
•PC Jeweller
•Rajesh Exports
•Kalyan Jewellers
IT (Possible indirect beneficiary of INR depreciation)
•Infosys
•TCS
•Wipro
•HCLTech
•LTIMindtree
While not tariff-exposed, they might benefit from a weaker INR & may become a place to hide post outperformance!
