Seafood Exporters' Stocks Surge Up to 6% on Pre-Budget Hopes for Sector Boost

Shares of key seafood exporters

s, Apex Frozen Foods, and Coastal Corporation climbed between 2.5% and 6% in morning trade on February 1, 2026, ahead of the Union Budget 2026 presentation at 11:00 AM IST by Finance Minister Nirmala Sitharaman. The optimism stems from expectations of targeted measures to bolster the sector, which has been grappling with US tariffs of up to 50% on Indian shrimp and seafood imports, leading to diverted focus toward alternative markets like the EU. Stock Performance Highlights (Early Trade on Feb 1) Avanti Feeds: Up ~5-6% to around Rs 780-800 levels, building on recent gains from India-EU FTA developments. Apex Frozen Foods: Rose ~4-5%, trading near Rs 290-300. Coastal Corporation: Gained ~2.5-3%, reflecting broader sector sentiment. These gains follow earlier rallies in late January, where shrimp stocks like Apex surged up to 10-12% on India-EU trade deal news.