Recently, a 25% duty was imposed on several Indian sectors, producing varying impacts across industries and their key players. While some sectors face a high negative impact, others are mildly affected or exempted. Here’s a concise, sector-wise summary of these changes and the main stocks involved:
Auto & Auto Components
A 25% duty has a high negative effect on this sector.Impacted Stocks: Tata Motors, Motherson, Bharat Forge, Sundram Fasteners, Bosch.
Steel & Aluminium
The 25% duty creates a high negative impact. Impacted Stocks: Tata Steel, JSW Steel, Hindalco, Jindal Steel & Power.
Gems & Jewellery
Also subject to high negative impact due to the 25% duty. Impacted Stocks: Titan, Rajesh Exports, PC Jeweller, Asian Star.
Electronics & Smartphones
The 25% duty causes a moderate negative impact. Impacted Stocks: Dixon, Amber, Tata Elxsi, Apple’s India suppliers.
Textiles & Apparel
A moderate impact is seen with the 25% duty in this sector. Impacted Stocks: Arvind, KPR Mills, Welspun, Page Industries.
Marine Products & Processed Foods
Faces a high negative impact from the duty. Impacted Stocks: Apex Frozen, Avanti Feeds, ITC, Godrej Agrovet.
Pharmaceuticals & Healthcare
This sector is exempted from new duties, so there is no immediate impact. Impacted Stocks: Sun Pharma, Dr Reddy’s, Lupin.
Chemicals & Machinery
A 25% duty results in a moderate impact. Impacted Stocks: SRF, PI Industries, ABB India, Siemens India.
IT Services
No new duties have been imposed; the effect is mild or neutral. Impacted Stocks: Infosys, TCS, HCL, Wipro.
Domestic-Focused Sectors
No direct new duty; the impact is neutral to mild. Impacted Stocks: Banks, FMCG, Power, NBFCs.