IOC, Oil India, Sun Pharma, Cipla, Reliance in Spotlight Due To US-Venezuela Tensions | Target Price Inside

US-Venezuela Tensions: Geopolitical tensions are escalating after the United States carried out an air strike in Venezuela, followed by the capture of its long-serving President, Nicolas Maduro. With Venezuela home to some of the world's largest oil reserves, the development is expected to have ripple effects across global energy markets, including India.

The US-Venezuela tensions has turned the spotlight on shares of companies like Indian Oil Corp, Oil India, Sun Pharma, Dr Reddy's, Cipla, etc. Most of these Indian firms have exposure to Venezuela in terms of business, trade, and joint ventures.

Among the Oil and Gas sector stocks, Oil India, Indian Oil Corporation, RIL, etc were trading in green in the early trading session on Monday.But shares of most of the pharma sector companies, with exposure to Venezuela, like Cipla, Glenmark Pharma, Dr Reddy's, etc were trading under pressure. Additionally, Jindal Steel shares were also down nearly 0.21% on BSE.

Which Companies Have Exposure To Venezuela? Check Target Price

Oil India is the minority partner in Venezuela JV alongside OVL and IOC, Reliance Industries Limited is a key importer of Venezuela crude, as per a compilation by Groww. Here are the key Indian companies that are linked to Venezuela and their target price, as mentioned by latest Motilal Oswal Financial Services report.

Company	Exposure	Recommendation	Target Price (Rs)
Indian Oil Corp (IOC)	Exposure via equity participation Venezuela's Carabobo heavy-oil project	Neutral	152
Oil India	Minority partner in Venezuelan oil JV alongside OVL, IOC	Neutral	400
Reliance Industries	Crucial importer of Venezuelan crude	Buy	1765
Sun Pharma	Runs a registered Venezuelan subsidiary	Buy	1960
Cipla	Key exporter of essential medicines to Venezuela	Neutral	1500
Glenmark Pharma	Operates in Venezuela through its locally registered subsidiary	Buy	2170
Jindal Steel & Power	Runs Venezuela's biggest iron-ore complex	Buy	1240

US-Venezuela Tensions

President Donald Trump, on Saturday, January 3, said that the US is going to "run" Venezuela "until such time," and affirmed that it "can ensure a safe, proper and judicious transition."

Venezuela's key allies, Russia, Cuba and Iran, have strongly condemned the US strikes on the Latin American nation, calling the move a violation of its sovereignty. The sharp escalation in geopolitical tensions has once again put gold prices in the spotlight. With the standoff expected to intensify in the coming days, here's a look at how rising US-Venezuela tensions could shape the trajectory of gold prices in India.

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