Shares of export-focused companies such as Apex Frozen, Gokaldas Exports, Raymond Lifestyle, and Avanti Feeds surged up to 11% on 11th November amid growing optimism over the much-awaited India-US trade deal.

The potential India-US trade deal is expected to lower tariffs on Indian exports to the US. This provides a major boost to export-oriented sectors.

US President Donald Trump said the two nations are close to finalising a trade agreement. This would strengthen economic and security ties, expand American energy exports, and promote investments in key sectors. “We are getting a fair trade deal,” Trump said, adding, “We are making a deal with India, much different from what we had before.”

Shrimp and textile stocks rallied as hopes of a deal grew. These shares had earlier fallen sharply. This was after the US raised tariffs on Indian imports to 50%, citing India’s continued purchase of Russian oil.

With trade talks progressing, optimism returned to the market. The US accounts for 53% of Apex Frozen’s export sales. It also accounts for 65.4% of Avanti Feeds’ total sales from North America as of Q1 FY25.

At 3:30 PM, Apex Frozen closed 11.03% higher at Rs 270.20. Meanwhile, Avanti Feeds and Gokaldas Exports ended 5.44% and 5.57% higher, respectively, on NSE.

Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!