Bangladesh Crisis Impact In Indian Stock: Bangladesh is caught in a whirlpool of political uncertainty after widespread protests over job reservation. In the new situation, Prime Minister Sheikh Hasina had to resign and leave the country. At the same time, it is also affecting Indian companies. This environment is likely to affect 12 listed companies of India. A glimpse of this was also seen during trading on Tuesday.
Which listed companies are present
On Tuesday, the second trading day of the week, most of the stocks with presence in Bangladesh were under pressure. Let us tell you that many companies like Britannia, Vikas Lifecare, Dabur, Asian Paints, Marico, Pearl Global Industries, Pidilite, Jubilant Foodworks, Emami, Bayer Corp, GCPL and Bajaj Auto have presence in Bangladesh. Apart from this, Bangladesh is also part of the supply chain of companies like Trent, PDS and VIP Industries.
Ambani’s company is benefiting from Bangladesh’s uproar, loot is being done to buy shares worth ₹25
The heat of Bangladesh’s uproar has reached India, investors are selling this stock rapidly
Adani’s company is also present
Adani Power, a Gautam Adani Group company, also has a presence in Bangladesh. Prime Minister Sheikh Hasina’s resignation has sparked a debate over the possible implications of the power supply agreement with Adani Power Ltd. Experts say Bangladesh needs power supply and any decision will impact investor sentiment.
Let us tell you that under the Power Purchase Agreement (PPA) with Bangladesh Power Development Board (BPDB) in the year 2017, Adani Power has to supply electricity from its Godda power plant in Jharkhand. Under the agreement, this supply will be done for 25 years through a 400 kV dedicated transmission system connected to the Bangladesh grid. The project was launched in June 2023.
Status of Adani Power shares
There was a sluggish trend in Adani Power’s stock on Tuesday. On the second trading day of the week, the stock fell by about 1 percent and closed at Rs 687.25. Let us tell you that the 52-week high of the stock is Rs 896.75. This price was on June 3, 2024.
