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The Iran-Israel war will have a direct impact on this stock, your income may also suffer

The outbreak of war between Iran and Israel may also affect your earnings. According to experts, the stock market is likely to fall due to rising tensions between the two countries, in which case today we are going to tell you which stocks to focus on amid the Iran-Israel war.
1 Month ago

The outbreak of war between Iran and Israel is likely to cause a fall in the stock market, which may directly impact your earnings. Iran launched its first direct attack on Israel with explosive drones and missiles, posing a threat to security and peace in the Gulf region. The stock market also touched its all-time high recently. However, investors may face a shock now amid Iran-Israel tensions.

A war between the two countries could lead to fear-mongering by investors and increased volatility in global stock markets. In such a scenario, today we are going to tell you which stocks will be in focus amid the Iran-Israel war.

Adani Ports may be affected by the outbreak of war between Iran and Israel. In fact, Adani Ports owns Haifa Port in northern Israel. It completed the purchase in January 2024 for approximately US$1.03 billion and operates the port with a local partner. Although the war that broke out between the two countries has not yet affected the port, it could be affected if tensions rise.

Sun Pharma

Taro, a subsidiary of Sun Pharma, is an Israeli company. If some personnel are potentially called to active duty in war, it may affect production to some extent. However, it is unlikely to have a major impact on Sun Pharma's overall consolidated financials.

Oil Marketing Company Stocks

If the tension between Iran and Israel continues to rise, the price of crude oil is likely to reach $100 per barrel in the near future. This could have a direct impact on the shares of oil market companies (OMC) such as Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL).

OMCs import crude oil to meet the country's demand for petroleum products. As the price of crude oil increases, they have to spend more on imports.

Paint stocks

Whenever the price of crude oil increases, the paint sector suffers heavily as crude oil derivatives are used in the production of paints. Shares of paint companies like Akzo Nobel India, Berger Paints, Indigo Paints and Shalimar Paints could be affected if tensions rise in the Middle East and crude oil prices cross $100 per barrel.

Tire stocks

The tire industry uses crude oil derivatives to manufacture synthetic rubber. Due to this, several tire stocks including MRF, CEAT, Apollo Tyres, JK Tires and Goodyear Tire & Rubber India will be in focus. A rise in crude oil prices will affect the margins of these companies.

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