Thus far in the month of February, the stock price of Avanti Feeds has zoomed 75 per cent, while Apex Frozen Foods 52 per cent.
Share price of Avanti Feeds surged 12 per cent to ₹1,078.75 on the BSE in Wednesday's intra-day trade, and surpassed its previous high of ₹999.99 touched on November 13, 2017.
The US-India trade deal is particularly positive for export-oriented sectors with meaningful exposure to the US market, say analysts.
Avanti Feeds hit a fresh life-time high at ₹960, while Apex Frozen Foods quoted at its highest level since September 2022 after the US President partly rolled back reciprocal tariffs on Indian imports
As per the Budget document, the government proposes to increase the limit for duty-free imports of specified inputs used for processing seafood products for export, to 3 per cent
Avanti Feeds is showing a strong bullish setup on the daily chart, with price sustaining above its 20, 50, 100 and 200-day EMAs, confirming a medium- to long-term trend reversal in favour of bulls.
The growing share of value-added shrimp products-which surged 27% YoY globally and 78% in non-US markets in 5MFY26-should support margins.
The first tranche of the trade deal between India and the US is "more or less near closure", and it will address the reciprocal tariff imposed by Washington on several Indian products, report.
In case of lower US tariffs, shares from IT, gems & jewellery, shrimps and textile-related sectors are likely to benefit, believe analysts.
Textiles, shrimp-related stocks rallied in Thursday's intra-day trade following reports that the US and India are close to signing a trade deal which could see substantial cut tariffs.
Shrimp stocks rally amid news that trade deal talks between India and the US have gained momentum after Narendra Modi and Donald Trump expressed optimism on resolving long-standing issues.