US-Venezuela Conflict: Indian Stocks Face Scrutiny Amid Rising Tensions
Business
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News18•05-01-2026, 14:20
US-Venezuela Conflict: Indian Stocks Face Scrutiny Amid Rising Tensions
- •US military action in Venezuela targeted air defense systems and captured President Nicolas Maduro, escalating geopolitical risks.
- •10 Indian companies have varying exposure to Venezuela through energy assets, crude trade, engineering services, and pharmaceutical operations.
- •Oil & Gas firms like ONGC, RIL, IOC, Oil India, and MRPL are significantly exposed via projects and crude imports.
- •Jefferies suggests ONGC and RIL could benefit from a US-led restructuring of Venezuela's oil industry if sanctions ease.
- •Engineers India, Sun Pharma, Glenmark Pharma, and Cipla also have a presence or trade links; Dr Reddy's divested its stake in 2024.
Why It Matters: US-Venezuela conflict puts 10 Indian stocks with diverse exposure under investor scrutiny.
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