India's shrimp exporter stocks extend gains after interim framework for US trade deal

Coastal

09/02/2026 04:15

** Shares of Indian shrimp exporters rise between 3.5% and 8%

** Coastal Corporation COAS.NS up 3.5%, Avanti Feeds AVNT.NS gains 5.8% and Apex Frozen Foods APEX.NS climbs 8%

** Shares extend gains after U.S., India release interim framework for trade deal that lowers tariff rate on Indian exports to 18%

** U.S. is one of the largest international markets for Indian seafood exporters

** Since a trade deal was first announced on February 2, AVNT has climbed 35%, APEX has risen 27% and COAS is up about 15%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))