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7 Stocks That Will Surge If Britain Does Not Leave The European Union
The British people would vote today to stay in the European Union or leave. First the caveat: We are not sure if Britain will stay or exit the European Union. If it does stay, there are some stocks that will surge. If you have the appetite for risk, buy these stock, as they could yield bumper profits.
We wish to reiterate that should Britain leave the European Union, prepare for losses. Here are 7 stocks that could gain or lose.
Tata Motors
If Britain stays in the Eurozone and Britishers do not vote for a Brexit, the biggest beneficiary would be Tata Motors, which has manufacturing facilities in the UK. The country derives a significant portion of revenues for its Jaguar Landrover range from the EU.
The stock is likely to perk up. The stock of Tata Motors closed at rs 472 on the NSE.
Tech Mahindra
As per a Bank of America Merill Lynch report, should Britain exit the Eurozone, it could result in a drop of around -7.7 per cent in the EPS of Tech Mahindra.
The shares have reacted a bit, so if the exit does not happen, we could see a rally in the stock. The shares last closed at Rs 532 on the NSE.
KPR Mills
KPR Mills gets a significant portion of its revenues through exports to the EU to companies like Carrefour, J C Penny, POM Tex.
If the EU stays integrated it would definitely boost export prospects of the company.
TCS
According to Bank of America Merill Lynch, TCS gets 14 per cent of its revenues from the UK.
Should things work out and Britain stays, the stock is likely to rally. Nothing much is going to change for TCS if there is a Brexit, it is just that markets react sentimentally.
Wockhardt
Wockhardt gets a significant portion of its revenues from the European Union. Shares that use the UK as a base to export to EU are likely yo be beneficiaries. Wockhardt shares could rally if Britain stays.
Motherson Sumi
Motherson Sumi has a significant exposure to the European markets, supplying auto ancillary equipment to the world's top automobile European manufacturers.
It stands to gain if the EU does not get disintegrated.
Torrent Pharma
Torrent Pharma too has large exposure to the EU market.
Even though a Brexit may not impact its business to the UK very much, stocks run more by sentimental impact.
Disclaimer
This article is strictly for informational purposes only. It is not a solicitation to buy, sell in precious metal products, commodities, securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author of this article do not accept culpability for losses and/or damages arising based on information in this article.
