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.
Shrimp exporters stock tank up to 12 per cent after 50 per cent tariffs imposed by the US came into effect; check key details here
Avanti Feeds and Apex Frozen dropped 5% each after the US President Donald Trump doubled the tariff rate on imports from India to 50%.