The Indian stock market saw a massive crash on April 7, and it wasn’t just a small dip. It was a proper market-wide fall that left most investors shocked. The Nifty 50 dropped by around 3.7% in the first half of the trading session alone. Before the official market opening, it had even crashed by over 5% in the pre-open session. Major companies had their stocks down by 15–17%, and that was bound to happen.
Even though the market saw some recovery after opening, most stocks were still down by 4% to 6% or more. So, two big questions came to mind: What should we do in this situation? And if someone wants to invest, which companies or sectors should they look at now? Especially with the US tariff news causing all this fear, it’s not clear which businesses are truly affected and which are just getting dragged down with the rest of the market.
In this blog, we’re going to talk about opportunities—the kind of companies that aren’t directly affected by the US tariffs but are still seeing their stock prices fall. These are the tariff free stocks worth watching right now.
Nifty Crashes Near 22,000: Top Falling Stocks on April 7
Let’s look at the companies that dropped the most. The biggest fall came from Siemens, which was down nearly 39%. But this drop was more because of an internal issue—a demerger between its capital goods and energy business. So, this may not be a cause for panic.
Then we have TRT LED, a Tata Group company. Even though their Q4 results showed a 28% revenue jump, the stock dropped by 15.5%. This tells you that markets aren’t just reacting to earnings—sentiment is playing a big role.
Neogen Software, Jindal 100, and Gravita India also saw drops around 9%. Tata Group stocks got hit hard today, with Tata Steel falling more than 8% and Tata Motors losing around 7.6%. Why? Because JLR (Jaguar Land Rover), which is under Tata Motors, announced it would pause shipments to the US due to the new tariffs. That means fewer car sales, and that hit the stock directly.
Is TRENT a Good Buy Now?
One of the biggest names today was TRENT, a well-known Tata Group company. Its stock has dropped a lot from its top. In terms of discount, it looks attractive. But the P/E ratio is still high at 112, which makes some investors nervous.
Now, TRENT has always traded at a high valuation. Its 10-year average P/E is 164. So technically, it is trading below average. But we have to remember that there was a time when stock prices kept going up even when the company’s profits didn’t. That inflated the P/E ratio.
Between 2013 and 2021, TRENT’s revenue only moved from around ₹2100 crore to ₹2600 crore. That’s not great growth. But since 2021, the business has jumped to over ₹16,000 crore. In the latest quarter, it showed 28% growth again. The company is expanding fast, and it looks like there’s still more room to grow.
When we compare it with DMart, which now does ₹57,000 crore in annual business, TRENT still has a lot of room to catch up. DMart had similar growth years ago, and the market gave it a high valuation too. If TRENT can keep up the pace, the stock could reward investors in the long term. But yes, short-term panic will be there.
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Neogen Software: Big Drop, Still Not Cheap
Let’s talk about Neogen Software. The stock has fallen from ₹1800 to ₹800 — that’s over 50% down. But even now, the P/E is around 40. For an IT company, that’s still high. So despite the crash, it doesn’t look like a deep-value opportunity yet.
Other IT Stocks
All E Technologies has also dropped over 11%, and MPS has lost most of its recent gains. All E Tech went from ₹633 to ₹320. That’s a huge fall. There might be a detailed video or breakdown coming on it soon.
By the way, I am still invested in one of these companies. My view is long-term, not just one or two years. Ups and downs will happen. That’s part of the game.
Mars Pharma: Solid Fundamentals, But Tariff Risk
Mars Pharma is one of those companies that I’ve tracked for a while. It generates solid cash flow, has low debt, and gives good growth guidance. I had set a price alert at ₹175, and today it got triggered.
However, Mars Pharma imports raw materials from China. And the US just slapped more tariffs on China. That creates a risk for cost pressure. We’ll need to wait for Q4 results and see how management explains the potential impact. That will give more clarity.
ADF Foods – FMCG Gem?
ADF Foods is an FMCG company that has also dropped a lot. But the business is stable, and they’ve shown decent growth. P/E is around 31, which is fair for FMCG. If it derates a bit, you might get better returns. Worth keeping on your watchlist.
AU Small Finance Bank
AU SFB is holding up pretty well. While the market is crashing, this stock is only 1% down. Banks don’t face much risk from US tariffs. With a market cap of ₹40,000 crore, a P/E of 20, and Price-to-Book at 2.5x, the stock looks fairly priced. They are targeting 31% CAGR till FY27. This is a stock that could do well even in uncertain times.
Home Finance Companies
Other finance companies like Home First Finance, Aptus, India Shelter, and Aadhar Housing also deserve attention. Home First is down 4% today. It has a P/B ratio of 3.7, which is not dirt cheap, but okay. The stock recently fell from ₹1300 to under ₹1000. Around ₹950–900 could be a good zone for entry.
Kovai Medical Center & Indraprastha Medical
Hospital stocks are usually safe from international tariff news. Kovai Medical is a ₹5800 crore company with P/E of 28 and strong returns. Promoters have been buying the stock for 3 years.
Indraprastha Medical looks even more interesting with a P/E of just 22, low debt, and strong cash generation. In 2024, it made ₹124 crore profit and generated ₹200 crore in cash. That’s rare for a small-cap.
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Varun Beverages
Varun Beverages has also fallen. It hit around ₹450, bounced to ₹550, and is now back around ₹500. This stock had given 60% CAGR returns in the past, but don’t expect that again. The focus right now is not huge returns, but surviving the bear market with strong companies.
Final Words: Focus on Survival, Not Just Returns
In this kind of market, our main target is to survive. Don’t expect the 100-200% gains you saw in bull markets. Instead, focus on strong, growing businesses with fair valuations. If the business stays solid and grows, the returns will come automatically.
So those were some tariff free stocks where US tariffs may not have a big impact. Drop a comment and share your thoughts. Thanks for reading. Stay calm, stay invested, and we’ll catch you in the next post.
