Experts are predicting that the ongoing tensions in the Middle East, especially the conflict between Israel and Iran, could hurt several Indian stocks if the situation does not improve soon. Some of the notable companies that may face challenges include Tata Consultancy Services (TCS), Infosys, Wipro, Tech Mahindra, Adani Ports, Larsen & Toubro, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Oil and Natural Gas Corporation (ONGC). The conflict has escalated after a year of heightened tensions between Israel and Hamas, leading to airstrikes from Iran and retaliatory actions from Israel. This has prompted significant selling pressure in global markets, including India’s stock exchange. Analysts highlight that companies with direct business ties to the Middle East, particularly Iran, are likely to be the most affected. Anshul Jain, Head of Research at Lakshmi Shree Investment and Securities, noted that companies with substantial operations in Israel and neighboring regions, such as TCS and Infosys, are at risk. For instance, TCS has initiatives in Israel focused on innovation, while Infosys operates through a subsidiary
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