U.S. Tariffs on Canada = Opportunity for India

With the U.S. targeting Canada, China, and Mexico, American buyers are seeking alternative suppliers. Key Indian sectors poised to capture this shift include: Gems & Jewellery: India exported nearly $10 bn to the U.S. in FY24. With Canada stumbling under new levies, Indian jewelers—led by Titan, Anand Rathi, and Asian Star—stand to win new orders. Chemicals & Specialty Chemicals: Indian companies enjoy a ~10% cost advantage over Chinese rivals due to lower retaliatory duties, which could translate into increased U.S. market share. Engineering / Machinery / Machine Tools: With Canada sidelined, companies like Bharat Forge, Texmaco, and BHEL may benefit from redirected demand. Agriculture & Processed Foods: Firms like ITC, Britannia, and UPL could gain as U.S. buyers look beyond Canadian suppliers for grains, dairy, and agro-chemicals. 📈 Stocks to Watch

– strong exporter in gems & jewellery Anand Rathi – active in jewellery financing/export space – engineering powerhouse with global footprint – well placed in equipment and power goods & – food and agriculture names for U.S. market – global agro-chemical exporter – potentially benefiting in specialty chemicals Disclaimer- As a SEBI registered Research Analyst with NISM certification, I want to emphasize that these credentials do not guarantee success in any trade. Investment in the share market is subject to market risk, and past performance is not indicative of future results. Recommendations are for informational purposes only and should not be considered as buy or sell advice. Please conduct your own research and consult a financial advisor before making any investment decisions. We will not be liable for any losses incurred from using this information.