Major stocks on the Nifty Midcap 150 index, including Jindal Stainless and KPR Mill, recorded notable declines during Thursday’s trading session. The downward movement reflects profit-booking and sectoral pressure, despite strong underlying financials across these midcap entities.

Shares of key midcap companies experienced downward pressure during early trading on August 7, 2025, with Jindal Stainless Limited and KPR Mill Limited emerging as the leading laggards on the Nifty Midcap 150 index. Despite their consistent earnings performance and sound financial indicators, both stocks witnessed notable intraday declines, reflecting cautious market sentiment and portfolio adjustments. Other prominent names such as Tata Investment Corporation Limited, Container Corporation of India Limited (CONCOR), and Bharat Forge Limited also contributed to the index’s weakness, reinforcing a broad-based dip across midcap counters.

Jindal Stainless Ltd, headquartered in Haryana, is one of India’s leading producers of stainless steel products, serving industries such as infrastructure, automotive, and consumer durables. On August 7, 2025, its shares fell 3.68% to ₹707 in early trade, placing it among the top laggards in the midcap index. Despite the dip, the company has demonstrated a consistent upward trajectory in both quarterly and annual financials.

Also Read: The Legendary Rise of Jindal Steel: From Pennies to Millions!

In Q1 FY26 (ending June 2025), Jindal Stainless posted a consolidated revenue of ₹10,207.14 crore, marking a steady rise over previous quarters. Net profit also climbed to ₹728.32 crore with earnings per share (EPS) improving to ₹8.67. For the full FY25, revenue reached ₹39,312.21 crore, and net profit stood at ₹2,543.42 crore. The company’s book value per share increased to ₹202.61, while its debt-to-equity ratio declined to 0.38, indicating prudent financial management.

KPR Mill Ltd, a vertically integrated textile conglomerate based in Tamil Nadu, witnessed a 2.31% decline in stock price to ₹1,014.80. The company’s financials remain strong, with Q1 FY26 revenue of ₹1,766.27 crore and net profit of ₹212.70 crore. EPS rose to ₹6.22 for the quarter. On a yearly basis, the company reported ₹6,387.88 crore in revenue for FY25 with a net profit of ₹815.11 crore. The firm’s debt-to-equity ratio improved to a conservative 0.09, reflecting operational resilience.

Also Read: Markets Rattle: Indian Stocks Crash Under Trump’s New Tariff

Tata Investment Corporation Ltd, headquartered in Mumbai, also featured among the top midcap losers. The stock faced volatility, although the company reported a significant recovery in Q1 FY26 with revenue reaching ₹145.46 crore and net profit rebounding to ₹112.40 crore. For FY25, it posted ₹305.08 crore in revenue and ₹209.14 crore in net profit. The company’s balance sheet remains robust with zero debt and a book value per share of ₹6,144.99.

Container Corporation of India Ltd, a major player in logistics and containerized freight, registered stable top-line performance in Q1 FY26 with revenue of ₹2,153.63 crore. However, net profit dipped to ₹259.13 crore from ₹287.69 crore in the previous quarter. On an annual basis, the company recorded ₹8,887 crore in FY25 revenue, while net profit improved to ₹1,259 crore, continuing its multi-year growth trend.

Also Read: Tata Investment’s 1:10 Stock Split Explained for Investors

Pune-based Bharat Forge Ltd, a prominent auto components and industrial engineering company, also experienced selling pressure. Nonetheless, its Q1 FY26 performance remained strong with revenue of ₹3,908.75 crore and net profit of ₹287.14 crore. Over the full FY25, the company achieved revenue of ₹15,122.80 crore and net profit of ₹916.98 crore, underpinned by improved margins and diversified business operations.

Despite sound financials across these companies, their stocks succumbed to broader market sentiment, illustrating the short-term disconnect often observed in midcap segments. Corporate actions such as dividends and historical stock splits further underline these companies’ commitment to shareholder value, including a ₹6 dividend per share from Bharat Forge and ₹2.50 from KPR Mill during FY25.

Also Read: Bharat Forge Stock Sees Strong Gains – Here’s the Reason

The broader trend suggests that while fundamentals remain intact, investor caution may persist due to sectoral rotations or profit booking. These counters, however, continue to reflect long-term value and sustained growth potential.

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Read the full article here: Unexpected Dip Hits Nifty Midcap 150 with Sharp Moves in Sector Leaders — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Bharat Forge Ltd reported a decline in Q1 FY26 profit and revenue, citing adverse tariff policies and regulatory changes in the US export market. The company anticipates a challenging year ahead and plans to focus on less-affected geographies, cost optimisation, and growth opportunities in defence.

Bharat Forge Ltd, headquartered in Pune, Maharashtra, is a flagship company of the Kalyani Group, operating as one of India’s leading engineering and manufacturing firms. The company is engaged in producing automotive components, industrial products, power generation equipment, aerospace solutions, and defence systems, serving clients in domestic and global markets.

In its Q1 FY26 financial update released on August 6, the company posted a 13% year-on-year (YoY) drop in consolidated net profit to ₹284 crore compared with ₹326 crore in Q1 FY25. Consolidated revenue fell 4.8% YoY to ₹3,909 crore from ₹4,106 crore a year earlier. The EBITDA margin contracted to 17.2%, down from 18.1% in the previous year’s corresponding quarter.

Caution Over US Export Outlook

Bharat Forge’s management highlighted concerns over the US export market, which has been impacted by recent 25% tariffs on imported vehicles, automotive parts, steel, aluminium, and copper products imposed from August by the US government. Additionally, changes to North American emission regulations have created uncertainty for the company’s export-dependent business segments.

Also Read: Bharat Forge Stock Sees Strong Gains – Here’s the Reason

The company acknowledged that these developments, combined with cyclical industry trends and its geographical exposure, make FY26 particularly challenging. To mitigate the impact, Bharat Forge intends to explore opportunities in regions and business verticals less affected by these changes while implementing cost-optimisation measures.

Segment Strategies and Future Plans

To offset the slowdown in the US market, Bharat Forge is reviewing its operations in the European steel manufacturing segment, with potential restructuring steps expected by year-end. In its defence vertical, the company remains confident about securing new contracts during the current fiscal year, which could provide a strategic growth cushion.

Q1 FY26 Performance Snapshot

Also Read: India Strengthens ‘Make in India’ with Bharat Forge’s Latest Partnership

Market Reaction

Following the earnings release and the cautious outlook, Bharat Forge shares came under pressure during intraday trade on August 6, touching the day’s low before stabilising. Market participants reacted to both the financial performance and the management’s warning of headwinds in the US export market.

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Read the full article here: US Tariffs and Emission Rules Set Challenging Path for Bharat Forge in FY26 — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

With the United States imposing 25% tariffs on a wide range of Indian imports, the focus has shifted to publicly listed Indian companies most reliant on U.S. revenues. Sectors such as auto components, chemicals, textiles, and seafood exports now face margin pressures, volume loss, and competitive disadvantages. While pharma is currently shielded, geopolitical risks persist. Here’s a detailed breakdown of sectoral exposure and the companies that could see the sharpest impact.

With the U.S. imposing 25% tariffs on a broad set of imports from India, investor attention has swiftly turned to companies most exposed to the American market. The United States remains India’s top export destination, accounting for 17.7% of India’s $81 billion merchandise exports in 2024. The sectors most at risk span from auto components to textiles and chemicals, all of which have a sizeable footprint in the U.S. market.

Why This Matters

While India has diversified its export markets over the years, a significant share of revenue for many listed Indian companies still flows from the United States. Tariffs will reduce pricing competitiveness, impact volume growth, and potentially dent EBITDA margins. Let’s break down the sectors and companies most vulnerable to these new U.S. trade barriers.

1. Auto and Auto Ancillary Companies

The auto sector has deep ties with U.S. OEMs and aftermarket networks. Component suppliers and manufacturers will be directly hit by increased costs, squeezing margins and reducing order volumes.

These companies export critical drivetrain parts, precision forgings, and tires. The tariff impact will vary depending on long-term contracts, but near-term pressure is inevitable.

2. Pharma Companies (Low Immediate Risk)

Pharma has been excluded from the current tariff list. However, since the U.S. is the largest market for Indian pharma exports, it’s important to assess exposure for potential future regulatory shifts.

So far, pharma remains safe, but increasing geopolitical tension could lead to non-tariff barriers such as FDA scrutiny or pricing regulations.

Also Read: Made in India, Taxed in America: Which Indian Sectors Will Bleed the Most?

3. Chemical Sector

Chemicals are already under scrutiny globally due to environmental compliance, and tariffs further compound cost pressures.

Other companies with significant U.S. exposure include:

• Aarti Industries
• PI Industries
• Navin Fluorine
• Deepak Nitrite
• Vinati Organics
• Alkyl Amines
• Gujarat Fluorochemicals

These companies export a range of specialty and agrochemicals, crucial for pharma, crop sciences, and electronics.

4. Textile & Apparel

The U.S. accounts for nearly 28% of India’s textile exports, making this sector particularly vulnerable to duties that could trigger loss of orders to Vietnam, Bangladesh, or Mexico.

Margins are already under pressure from cotton price volatility and sluggish global demand. Tariffs will only deepen these woes.

5. Seafood Exporters

The U.S. is a key market for Indian shrimp and seafood exporters, and tariffs here directly threaten earnings.

The sector is already grappling with higher freight costs and stringent quality checks. A 25% duty could derail recovery and force a pivot to other geographies like Japan or the Middle East.

Also Read: Markets Defy Tariff Tensions with a Stunning 500-Point Rally

6. Consumer and FMCG

Although relatively low in percentage terms, companies like LT Foods and Tata Consumer Products have established a steady U.S. retail presence.

The primary exports include rice, tea, and packaged goods. The tariff impact could erode competitiveness against Southeast Asian exporters.

7. Energy & Renewables

Indian renewable energy firms exporting modules or components could also be at risk, especially as U.S. inflation and IRA benefits favor domestic players.

In addition, traditional oil & gas companies could face indirect pressure due to geopolitical tensions with Russia.

The 25% U.S. tariff is a wake-up call for Indian exporters and investors. It threatens to trim margins, impact capacity utilization, and create price-driven substitution across key sectors. While diversified revenue streams and long-term contracts may shield some companies temporarily, the strategic risk is real—and markets will price it in.

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Read the full article here: List of Indian Stocks Most Impacted by U.S. Tariffs — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Indian export sectors are facing heightened pressure after the United States reinstated and expanded tariffs up to 25% on select Indian goods. With the U.S. being India’s largest export market, industries across machinery, jewelry, chemicals, and textiles are evaluating revenue and margin risks amid fears of volume contraction and order diversions.

With the U.S. reinstating and expanding tariffs on select imports from India, several export-driven sectors are bracing for impact. India and the United States share a strong trading relationship, with the U.S. being India’s largest export destination. In 2024, India’s exports to the U.S. reached $81 billion, accounting for nearly 17.7% of the country’s total exports. Now, with tariffs climbing as high as 25% under Trump’s renewed trade agenda, this relationship is entering uncertain terrain. Here’s a sector-wise breakdown of who stands to lose the most.

Electrical Machinery & Equipment ($14 Billion)

This is the largest export segment from India to the U.S., covering components like transformers, switchboards, motors, and semiconductors. Indian firms have gained substantial outsourcing and OEM contracts from American manufacturers and green energy firms.

• Tariff Threat: A 25% hike will erode price competitiveness, particularly affecting mid-sized exporters who can’t absorb the additional costs or reroute supply.
• Impact: Expect short-term order cancellations and a potential shift of U.S. buyers toward Southeast Asian suppliers.

Precious Metals & Jewelry ($11.6 Billion)

India exports a large volume of cut and polished diamonds, gold jewelry, and silver ornaments to the U.S., making it one of the most visible sectors in bilateral trade.

• Tariff Threat: This sector is highly sensitive to price fluctuations. Even a 5–10% hike makes Indian jewelry significantly more expensive in the American market.
• Impact: Exporters like Titan, Rajesh Exports, and Kalyan Jewellers could witness margin pressure and volume declines.

Also Read: Markets Defy Tariff Tensions with a Stunning 500-Point Rally

Nuclear Reactors, Boilers & Industrial Equipment ($6.8 Billion)

This niche but valuable sector includes boilers, reactors, turbines, and other capital goods used by U.S. industries in power, aviation, and manufacturing.

• Tariff Threat: Large project-based orders may face renegotiations, delays, or reallocation to other low-tariff countries.
• Impact: Engineering conglomerates such as L&T and BHEL could face headwinds in their U.S. contract pipelines.

Organic Chemicals ($3.5 Billion)

India is a significant supplier of intermediates, dyes, and specialty chemicals to U.S.-based pharmaceutical and manufacturing firms.

• Tariff Threat: This could lead to higher landed costs for buyers, prompting them to either pass costs downstream or shift sourcing to China or Vietnam.
• Impact: Mid-cap chemical firms like Aarti Industries, Deepak Nitrite, and SRF are at risk of volume loss and margin compression.

Auto and Auto Ancillaries

The U.S. is a key export market for auto components, castings, and engine parts made by Indian companies. Major clients include General Motors, Ford, and Tesla.

• Tariff Threat: Component makers operating on thin margins could be hit hard. Tier-2 suppliers will find it difficult to renegotiate contracts.
• Impact: Stocks like Bharat Forge, Motherson Sumi, and Sundaram Fasteners may face demand volatility and order cuts in FY26.

Chemical Sector

Besides organic chemicals, the broader chemical industry—including agrochemicals and industrial solvents—has major U.S. exposure.

• Tariff Threat: The sector has already been battling high raw material costs and environmental scrutiny. Additional tariffs further stress supply chains.
• Impact: Export-oriented firms could lose market share in the U.S., slowing growth and affecting earnings projections.

Textiles

India exports cotton, synthetic garments, home furnishings, and more to the U.S., with retail giants like Walmart and Target being major buyers.

• Tariff Threat: The labor-intensive nature of this sector leaves little room to absorb cost hikes. U.S. buyers may switch to Bangladesh or Vietnam.
• Impact: Expect significant stress on companies like Arvind, Welspun, and Trident, especially in home textile and apparel exports.

Also Read: The Billion-Dollar Battle: Andhra’s Shrimp vs. U.S. Tariffs

Seafood Sector

The U.S. is a major destination for Indian shrimp and frozen seafood exports, especially from coastal states like Andhra Pradesh and Kerala.

• Tariff Threat: Indian seafood already faces quality scrutiny and FDA regulations. Tariffs will compound cost disadvantages vs Latin American suppliers.
• Impact: Major listed players like Avanti Feeds and Apex Frozen Foods are vulnerable to shipment delays, cancellations, and price renegotiations.

Consumer Goods Companies

Several Indian FMCG and packaged food companies are now exporting to diaspora-heavy U.S. markets—spices, ready meals, and beauty products.

• Tariff Threat: Though not the largest contributors by value, these categories are price sensitive and may suffer shelf displacement in mainstream retail.
• Impact: Firms like Dabur, HUL (Ayurvedic brands), and Marico could see revenue decline in North America-focused SKUs.

Energy Sector – Oil & Gas Companies

Though India doesn’t directly export oil or gas to the U.S., energy companies with global operations may be impacted by geopolitical tensions.

Russian Crude Factor: India imports over 35–40% of its oil from Russia, often at a $3/barrel discount. The U.S. has threatened to penalize countries that continue these purchases.

Impact:

• Reliance Industries could face global compliance and shipping risks.
• HPCL, BPCL, IOCL may see margins narrow due to reduced discounts.
• ONGC may see valuation impact from weaker upstream profits.

EBITDA Impact Estimate: Analysts project a 3–10% EBITDA decline if discounts from Russia are reduced under U.S. pressure.

Conclusion

The U.S.-India trade relationship is at a critical juncture. While India has diversified its export destinations in recent years, the U.S. still remains its most lucrative market. Any long-term trade barriers could dent India’s export momentum, erode sectoral profitability, and dampen investor confidence.

Going forward, exporters will need to:

• Explore alternative markets like Europe, Southeast Asia, and the Middle East.
• Localize production through global manufacturing partnerships.

Lobby for preferential trade agreements or dispute resolution under WTO frameworks.

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Read the full article here: Made in India, Taxed in America: Which Indian Sectors Will Bleed the Most? — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Bharat Forge, a key player in India’s defense and manufacturing sector, saw its shares surge by nearly 6% on March 20, 2025. The rally followed the Indian government’s approval of a ₹7,000 crore deal to procure indigenous Advanced Towed Artillery Gun Systems (ATAGS). Bharat Forge, headquartered in Pune, Maharashtra, will receive approximately 60% of the contract, reinforcing its pivotal role in India’s self-reliant defense initiatives.

Bharat Forge, a leading Indian multinational company specializing in manufacturing and defense technology, witnessed a strong surge in its share price on March 20. The stock jumped nearly 6% in intraday trade on the Bombay Stock Exchange (BSE) following the Indian government’s approval of a ₹7,000 crore deal for the procurement of Advanced Towed Artillery Gun Systems (ATAGS).

Bharat Forge, headquartered in Pune, Maharashtra, is a major supplier of defense components and high-performance engineering products. The company has been a crucial contributor to India’s defense modernization efforts, particularly in artillery and precision manufacturing. The latest order will see Bharat Forge securing approximately 60% of the total contract, with the remaining 40% awarded to Tata Advanced Systems Limited.

Government’s Push for Indigenous Defense Manufacturing

The Cabinet Committee on Security (CCS) granted approval for the procurement of ATAGS, a domestically developed artillery gun system designed to enhance the Indian Armed Forces’ long-range firepower capabilities. The ATAGS is India’s first 155mm 52-caliber towed artillery gun, boasting an extended range of up to 40 km, along with advanced automated targeting and a reduced crew workload.

Developed through a collaboration between the Defence Research and Development Organisation (DRDO) and Indian private industry partners, the ATAGS incorporates over 65% domestically sourced components. Key subsystems such as the barrel, muzzle brake, breech mechanism, and firing system are all manufactured in India, reinforcing the country’s push for self-reliance in defense production under the ‘Make in India’ initiative.

Stock Market Performance

Bharat Forge shares opened at ₹814 on the BSE and quickly gained momentum, reaching an intraday high of ₹1,201.55, reflecting a 5.97% surge. As of 3:18 PM IST, the stock was trading at ₹1,194.65, up 5.36%. Over the past year, Bharat Forge has gained 9.47%, while in the last five years, the stock has soared by an impressive 297%.

Market analysts suggest that Bharat Forge’s strong fundamentals, along with the steady stream of defense sector contracts, could further bolster investor confidence. With the execution of the ATAGS order spanning FY26 and FY27, the company is expected to witness strong revenue growth in the coming years. The recent deal reaffirms Bharat Forge’s dominant position in India’s defense industry and enhances its prospects in both domestic and global markets.

With the Indian government’s continued focus on defense indigenization, Bharat Forge remains a key player in shaping India’s military self-sufficiency and technological advancements.

Read the full article here: Bharat Forge Stock Sees Strong Gains – Here’s the Reason — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Bharat Forge, India, saw its share price rise by nearly 3% on March 6, 2025, after announcing a partnership between its subsidiary, Kalyani Powertrain, and Taiwan’s Compal Electronics. The collaboration aims to manufacture servers in India, aligning with the government’s “Make in India” initiative.

Bharat Forge, a leading Indian multinational known for its expertise in metal forging and manufacturing, saw its share price surge nearly 3% on March 6, 2025, following the announcement of a strategic partnership. Its subsidiary, Kalyani Powertrain, has partnered with Taiwan’s Compal Electronics to manufacture servers in India, supporting the “Make in India” initiative.

According to Bharat Forge’s official statement, Kalyani Powertrain and Compal Electronics have signed a Memorandum of Understanding (MoU) to develop locally manufactured server solutions. Under this partnership, Compal Electronics will provide technological support, overseeing local production, assembly, testing, and final sales of servers in India.

Kalyani Powertrain, a wholly-owned subsidiary of Bharat Forge, has also entered into a technology licensing agreement with Compal Electronics to manufacture the X86 platform servers.

In February 2025, Kalyani Powertrain announced the launch of its first “Make in India” servers from its advanced manufacturing facility in Pune, Maharashtra. The company highlighted that the factory is set to boost local businesses, attract investments, and contribute significantly to the region’s manufacturing sector.

Bharat Forge Share Price Movement

On March 6, 2025, Bharat Forge’s share price opened at ₹1,071.85 on the Bombay Stock Exchange (BSE), higher than the previous closing price of ₹1,057.45. The stock reached an intraday high of ₹1,089.95 before closing at ₹1,086.50, marking a 2.75% increase.

This latest development reinforces Bharat Forge’s commitment to expanding its technological capabilities and boosting India’s position in the global electronics and manufacturing sectors.

Read the full article here: India Strengthens ‘Make in India’ with Bharat Forge’s Latest Partnership — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Kalyani Strategic Systems (KSSL), a subsidiary of Bharat Forge based in Maharashtra, India, has signed a Letter of Intent (LOI) with US company AM General to supply advanced artillery cannons. This marks the first time an Indian defence manufacturer will supply weaponry to the US, strengthening bilateral defence ties. The deal highlights India’s growing defence manufacturing capabilities and supports the country’s goal of expanding defence exports.

Kalyani Strategic Systems (KSSL), a wholly owned subsidiary of Bharat Forge based in Maharashtra, India, has signed a Letter of Intent (LOI) with AM General, a leading US-based manufacturer of military vehicles. The agreement aims to supply advanced artillery cannons, marking the first instance of an Indian defence company exporting weaponry to the United States.

The LOI was signed at the International Defence Exhibition & Conference (IDEX 2025) in Abu Dhabi. Bharat Forge, a major Indian engineering and defence firm, described the development as a “historic first” for the Indian defence sector.

Strengthening India-US Defence Ties

Baba Kalyani, Chairman & Managing Director of Bharat Forge, emphasized the significance of the deal, stating, “We at KSSL are proud to be the first Indian company to supply cannons to the US. This agreement underscores our capabilities and reinforces our mission to be a leading provider of artillery solutions worldwide. It also highlights the trust and confidence global defence leaders like AM General have in our capabilities.”

As part of the collaboration, KSSL and AM General will jointly develop next-generation artillery solutions, including mounted, towed, and ultra-light gun systems in 105mm and 155mm calibres.

John Chadbourne, Executive Vice President of AM General, highlighted the strategic importance of the agreement, saying, “With KSSL’s proven artillery capabilities and our shared commitment to innovation, we see immense potential in bringing advanced artillery solutions to the US defence forces.”

India’s Growing Defence Exports

India has been actively increasing its defence exports, with shipments reaching a record $2.5 billion in the financial year 2023-24. The government has set a target of achieving $6 billion in defence exports by 2029.

The country currently exports arms to over 85 nations, including Italy, the Maldives, Russia, Sri Lanka, the UAE, the Philippines, Saudi Arabia, Poland, Egypt, Israel, Spain, and Chile. Despite this progress, India remains one of the world’s largest arms importers.

A Milestone for Indian Defence Manufacturing

The deal between KSSL and AM General represents a major step toward positioning India as a key player in the global defence industry. As the US looks to India for artillery solutions, it signifies growing confidence in Indian defence manufacturing and its ability to meet international standards.

With this agreement, India is not only strengthening its strategic defence ties with the US but also reinforcing its role as a credible supplier in the global arms market.

Read the full article here: India’s Rise in Global Arms Trade: Historic Artillery Pact with US — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).