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These 4 automotive stocks may get impacted most by a falling rupee, says IIFL

Updated : September 19, 2018 04:18 PM IST

Users of global commodities such as lead and rubber would also be negatively impacted by the sharp fall in rupee, however, a fall in the dollar prices of these commodities would provide some relief, the report said.
Maruti Suzuki: Imports for the company account for nearly 20-22 percent of the total revenues. It has about 4-5 percent direct and about 12 percent indirect imports. As a result, IIFL has cut its FY20-21 Ebitda margin by 50-60 bps, and an earnings per share cut of about 4 percent.
Bharat Forge: Despite having export contribution, the recent fall in rupee against the greenback will not benefit the company and will negatively impact for the whole of FY19 and a larger part of FY20.
These 4 automotive stocks may get impacted most by a falling rupee, says IIFL
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