Bangladesh Crisis: Indian Companies Witness Decline in Stocks Amid Crisis-Ridden Neighbour

Bangladesh Crisis: India’s neighbouring country Bangladesh, is currently facing a political turmoil, as Prime Minister Sheikh Hasina has resigned and left the country as death threat looms over the Former PM. In the wake of the ongoing crisis, Muhammad Yunus was elected as the head of the interim government of Bangladesh. The situation is not only affecting the geopolitical structure of the world, but also has affected the Indian markets as well, especially the companies with business tie-ups from Bangladesh. In this video, we will discuss some of the Indian companies affected by political crisis in Bangladesh. 

Indian Companies Doing Business in Bangladesh

The first company is Marico, known for its Saffola edible oils. The FMCG company’s 11-12% revenue comes from Bangladesh and this crisis can affect the business. In the last 5 days, this stock has broken by about 5.1%. The next one is Pearl Global Industries, a clothing manufacturing company with 25% revenue coming from Bangladesh. The company’s stock fell by about 3%. Apart from this, Imami has made a drop of about 7.3% in the last 5 days. The next in the list is Adani Power, which signed a power supply agreement with Bangladesh in 2017. The company has also registered a correction of about 4% in the last 5 days.