Dubai Crisis impact on Indian Stock Market
Let’s run a status-check on which companies, especially in the infrastructure sector, are exposed to
YD Murthy, Executive VP - Finance of Nagarjuna Construction, said that the company has only one venture in
The company is also doing a Rs 100-crore water pipeline project at Dewa,
Larsen & Toubro has exposure in multiple segments in Middle East, R Shankar Raman, Executive VP - Finance told CNBC-TV18. “The company has exposure in the hydro-power segment. Our total exposure to the Middle-East over the last two years is to the tune of USD 200 million,” he added.
The infrastructure player has no exposure to
MM Miyajiwala, Executive VP and CFO at Voltas, said the company is executing a Rs 900-crore project in
Bank of
Mallya added that the bank also has exposure in Abu Dhabi, Ras-Al-Khaimah and
The company said it had not exposure to
DLF has no exposure to Dubai, it said.
The company does not have any direct/indirect investment in
Hiranandani Group
The unlisted group is constructing a project in
Hiranandani added that Indian property prices should go up because of the
Omaxe is likely to exit its two real estate projects in
“We had planned a Rs 2,850 crore investment in
HDIL has no exposure to Dubai, it said.
Dubai World’s investment arm, Istithmar, holds 13% stake in SpiceJet
The oil exploration company has deployed six rigs in
Here’s how the stocks reacted on the indices. Prices are those trading at 14.00, Friday:
Company | Price | % Chg |
Aban Offshore | 1,215 | 7.70 |
HDIL | 295.5 | 6.97 |
Indiabulls Real Estat | 190.7 | 5.45 |
Bank of | 517 | 5.44 |
SpiceJet | 44.7 | 5.40 |
Nagarjuna Const | 153.75 | 4.86 |
Omaxe | 91.05 | 4.56 |
Punj Lloyd | 197.05 | 4.44 |
DLF | 339.1 | 4.28 |
Larsen & Toubro | 1,562.10 | 4.20 |
Unitech | 3.05 | 3.95 |
| 162 | 3.31 |
Hiranandani Group | | |
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