The election results in America have almost been finalized. However, the counting is still going on. But the chances of Donald Trump becoming the President are increasing. That is why experts are giving information with new analysis.
These things can become cheaper- On the show of CNBC Awaaz, well-known commodity expert Narendra Taneja said that there can be a sharp fall in crude prices. If Trump wins, then there will be a fall in crude. In such a situation, India will get direct benefit.
Oil marketing companies like HPCL, BPCL and IOC will benefit from the fall in crude prices. Therefore, petrol and diesel can become cheaper. Oil and gas companies like MRPL, Chennai Petro, and Manali Petrol will also benefit because crude acts as raw material for these companies. Aviation companies like Indigo and SpiceJet will benefit from cheap crude because these companies will be able to get cheap ATF. The share of ATF in the total cost of airlines is up to 45-48 percent. In such a situation, air travel can become cheaper. Tyre companies like Apollo Tyres, CEAT and JK Tyres will also benefit from the fall in crude prices. Carbon black or synthetic rubber used by tyre companies is prepared from crude oil only. The hope of reduction in tyre prices will increase. Paint companies like Asian Paints, Berger Paints, Kansai Nerolac and Shalimar Paints will also benefit from the fall in crude prices as crude accounts for 25-30 per cent of the total raw material cost of these companies. The hope of reduction in paint prices will also increase. FMCG companies like HUL, Godrej Consumer and Dabur will also benefit from cheap crude as crude accounts for 15-30 per cent of the total cost of making FMCG products. VIP Industries will also benefit from cheap crude, and PVC manufacturing companies like Jain Irrigation and Finolex Industries will also benefit. Derivatives of crude are used to make PVC. Plastic-dependent companies like Neelkamal and Supreme Industries will also benefit from cheap crude. DCW, Phillips Carbon, Goa Carbon and Nosil will also benefit from cheap crude.
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