S&P downgrades Brazil to junk | Many Indian cos may be hit
Several Indian companies have sizeable exposure to the Brazilian market. They include United Phosphorous and Torrent Pharma, whose revenue shares from this market go into double digits, besides Glenmark, KEC International, Rallis India, Cadila, Tata Motors, Havells India and TCS.
There are also others like Lupin, Sun Pharma (through Ranbaxy), Godrej Consumers, Bajaj Auto, MM Forgings, Praj Industries (has a Petrobas order) and ONGC, which generate 2-3 per cent of their total revenues from Brazil
Several Indian companies have sizeable exposure to the Brazilian market. They include United Phosphorous and Torrent Pharma, whose revenue shares from this market go into double digits, besides Glenmark, KEC International, Rallis India, Cadila, Tata Motors, Havells India and TCS.
There are also others like Lupin, Sun Pharma (through Ranbaxy), Godrej Consumers, Bajaj Auto, MM Forgings, Praj Industries (has a Petrobas order) and ONGC, which generate 2-3 per cent of their total revenues from Brazil
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