10 Cos Benefitting From Rupee Downfall
7) Tata Global Beverages:
Tata Global Beverages (TGB) is a wing of the Tata Group and its operations are spread all over the world. TGB has registered a whopping increase of 93.9 percent in its consolidated profit in the year 2011. According to sources, this tremendous increase can be attributed to better sales and lower costs of operations. This growth was mostly due to sales from outside India and hence was not affected much by the depreciating value of rupee.
8) United Phosphorous:
United Phosphorous (UPL) is a Mumbai based crop-protection, seeds and chemical company. The agricultural sector is said to gain prominence in the coming months and hence better growth is expected in this sector. According to Unicon Investment, UPL is expected to register a net profit of 51 percent at
173.2 crores by the end of 2011. However, according to Livemint.com, after acquiring the US-based company, RiceCo, there has been a decline in sales in the month of December, 2011. Still, the market value of UPL is strong right now.