What stocks is Nomura Securities betting on?
Q: How concerned would you be with some of the companies that have exposures to the European markets, especially considering the way the European situation is panning out, maybe stocks like Tata Motors and Bharat Forge where big chunk of these revenues come from these markets? A: There are two differentiations which have to be made. One is that there were these four countries where fiscal deficit was causing serious issues in terms of overall euro stability. That has been taken care of. If you look at the exposure to these countries of many of the companies that operate in Europe, those will be fairly small. So I think in terms of physical operations, if you talk to companies, the numbers have not been that bad. But there was a fear that this whole situation will implode and then you will have an issue going forward, that doesnt seem likely. So the real impact of the crisis in Greece and Portugal on the operations of Indian companies was very limited. Q: Apart from Reliance in the oil
