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.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more