India's seafood exporters jump after India-US trade deal

Apex Frozen Foods

03/02/2026 04:02

** Shares of Indian seafood exporters Apex Frozen Foods APEX.NS, Avanti Feeds AVNT.NS and Coastal Corporation COAS.NS rise between 5% and 20%

** Stocks surge after India and U.S. enter a trade deal; U.S. to lower tariffs on India to 18%, remove 25% levy for purchase of Russian oil

** Indian seafood exporting firms had been hit by higher tariffs from the U.S. since last year; U.S. is the biggest market for India's shrimp farmers and exporters

** YTD, APEX up 5.3%, AVNT down 3.8%, COAS up 0.75%

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))