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7 Stocks That Crashed 5-12% Due To The Brexit
Voters in Britain have opted to leave the European Union (Brexit). Here are 7 stocks that are reeling under the pressure of a Brexit.
Tata Motors
Tata Motors crashed 10 per cent, as Britain exited the EU. The company has a significant presence in the UK, with plants and facilities in the country.
EU is an important destination for Tata Motors and revenues coming from there are significant.
Tata Steel
Tata Steel was also down 10 per cent in trade. The company has major manufacturing plants in the UK. There maybe more downside in the stock say analysts.
It's UK operations are already reeling under losses.
Motherson Sumi
Motherson Sumi is among the top auto ancillary companies in India, having plants and manufacturing facilities in the EU. It is a major exporter to companies like Audi and Volkswagen.
The stock crashed 10 per cent in trade today.
Tech Mahindra
Tech Mahindra derives a significant part of its revenues from the UK, through software services.
An exit from the European Union could damage prospects of the company. The stock was down almost 7 per cent in trade.
KPR Mills
KPR Mills also exports top quality garments to some of the biggest name in the EU, including the UK.
One is not certain how it could damage exports, but, markets are more sentimentally driven at times. The stock was down 5 per cent in trade.
KPR Mills
KPR Mills also exports top quality garments to some of the biggest name in the EU, including the UK.
One is not certain how it could damage exports, but, markets are more sentimentally driven at times. The stock was down 5 per cent in trade.
Wockhardt
Wockhardt has major exposure to the UK and the EU, through pharma exports. The stock was down 5 per cent in trade.
