Lets list down companies which have publicly disclosed about their loss story or change of plan due to flood and then take a call which of them are still worthy of holding.
The ones which comes to my mind are:
I think stocks like Shriram Transport, South Indian Bank, Chola Investment would be affected due to likely increase in NPA. Tube Investment could be affected as they have major operations in Chennai area.
There will be a few companies which could be positively impacted by the floods. I can think of auto ancillaries manufacturers , consumer appliances companies etc. Couldn’t find any reports pointing to such impact.
A lot of vehicles have been destroyed or impaired by the floods, also lots of home applicances like refrigerator, grinder, motor pumps etc were also either impaired or washed away by the floods.
Money will have to be spent by the consumers in replacing them or repairing them as they are essential commodities.
This will result in additional sales for companies supplying those appliances/auto parts.