India's shrimp exporters soar as upbeat earnings adds to US trade deal optimism

Apex Frozen Foods

12/02/2026 09:37

** Shares of shrimp exporters soar after upbeat Q3 earnings

** India's Apex Frozen APEX.NS zooms as much as 18.8% to six-year high of 443.1 rupees

** Avanti Feeds AVNT.NS jumps 16.9% to record high of 1,395 rupees

** Apex Frozen posts 100.9 million rupees ($1.1 million) profit vs loss a year ago, while Avanti Feeds' profit rises 10.5%

** More than 10 million shares of APEX change hands on the day, ~6.6x of 30-day average volume

** AVNT also sees spurt in volumes; nearly 10 million shares traded vs 30-day average volume of 1.6 million

** AVNT up 50% so far this month, while APEX is up 27.7% after long-awaited India-U.S. trade deal

($1 = 90.6350 Indian rupees)

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))