India-US Trade Deal: These Stocks Could Skyrocket After Tariff Reduction
Business
M
Moneycontrol•03-02-2026, 16:52
India-US Trade Deal: These Stocks Could Skyrocket After Tariff Reduction
- •US President Donald Trump reduced tariffs on India from 50% to 18%, effective February 2, boosting Indian stock markets.
- •Textile and Apparel companies like Raymond Lifestyle, Indo Count, Welspun Living, Gokaldas, KPR Mill, and SP Apparels are expected to benefit significantly.
- •Food and Agriculture sector, particularly LT Foods, saw a jump in shares, with 41% of its revenue from the US market.
- •Consumer Durables companies KEI, Polycab, and Blue Star anticipate increased US market share due to reduced tariffs.
- •Auto and Auto Ancillary firms Bharat Forge and Balkrishna Industries, along with Chemical companies Atul, Vinati, Navin Fluorine, and GFL, are also poised for growth.
Why It Matters: Reduced US tariffs on India are set to boost various Indian sectors, with specific companies' shares expected to surge.
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