Shares of these Indian companies fell due to the uproar in Bangladesh, they have a big business there too!

The impact of the Bangladesh crisis is also being seen on the Indian stock market. Due to the impact on business, the shares of some companies have also fallen sharply. There is a possibility of further decline in these companies. The biggest decline has been in the shares of Marico, which fell 6.27% on the second trading day of the week and closed at Rs 630. In the last five days, this stock has given a negative return of 7.69%. In one month, it has presented a return of minus 1.76%.

Apart from Marico, FMCG company Dabur is also a big investor in Bangladesh, whose shares fell 0.87 percent to close at Rs 628.50 on Tuesday. This stock has given a return of only 0.81 percent in a month. Shares of Asian Paints were at Rs 3,090.25 with a slight decline. It has given a return of only 6 percent in a month.

Pidilite’s shares have also fallen. Apart from this, Godrej and Sun Pharma’s shares are also seeing a slight decline. Experts predict that if the decline continues in the Indian stock market, then these shares may fall further.

These companies do business in Bangladesh
The VIP luggage manufacturer has 8 manufacturing units in Bangladesh and about 30 to 35% of its capacity comes from here. In such a situation, there can be a huge decline in this capacity, which can affect the company’s profits. Marico is a major component of the international market, which accounts for more than a quarter of the total revenue. About 44% of Marico’s international revenue comes from Bangladesh.

Indian companies also do business in FMCG
Dabur, GCPL and Britannia are big FMCG companies. More than 5 percent of the company’s revenue comes from these. In such a situation, the revenue of these companies can also be affected. Jubilant Foodworks Domino’s operator has 28 stores in Bangladesh, which is about 1% of its consolidated sales.

Stock market closed on decline
After a spectacular rise in the initial trade, the stock market was in recovery mode, but by the time the market closed, the decline took over. Sensex closed down 166.33 points at 78,593, while Nifty closed down 63 points at 23,992 level. During the day’s trading, the Sensex rose 1100 points to reach above 79700, while the Nifty rose 300 points.

(Note: Before investing in the stock market, please seek the help of a financial advisor)