Shares of Apex Frozen Foods Ltd rallied 20% to touch the day’s high of Rs 263.36 on 10th September. This was driven by hopes of a potential boost in exports to the European Union.

The European Union, on 10th September, approved 102 new Indian fishery establishments for exports. This increased India’s export capacity by about 16%. The approval had been a long-pending demand from India.

For Apex Frozen Foods, the European Union has become a key market. In FY25, the EU contributed 39% to its topline, compared to 26% in FY24. This reflects strong demand and a growing presence in the region.

The move is expected to benefit shrimp processing companies such as Apex Frozen, Avanti Feeds, and Coastal Corporation. This comes with potential improvements in margins by FY27.

At 12:55 PM, the shares of Apex Frozen Foods were trading 17.33% higher at Rs 257.50 on NSE.

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