Avanti Feeds, other export-oriented shares rise up to 8% on Trump's trade deal comment to Moneycontrol

About this update from Avanti Feeds Limited

The shares of shrimp and textile companies surged on January 22 amid rising hopes for India and US reaching their much-awaited trade deal, after US President Donald Trump’s exclusive comment to Moneycontrol.The US President on Wednesday told Moneycontrol that he held Prime Minister Modi in high regard and described him as a close friend. “I have great respect for your Prime Minister. He’s a fantastic man and a friend of mine. We are going to have a good deal,” the US President said. 🚨🚨 Moneycontrol Mega Exclusive | "I have great respect for your Prime Minister. He’s a fantastic man and a friend of mine… We are going to have a good deal."~ US President Donald Trump tells @chandrarsrikant on the sidelines of #Davos2026, expressing optimism over an… pic.twitter.com/TWGkOnhnrA— Moneycontrol (@moneycontrolcom) January 21, 2026Trump's statement came after his address at the 56th Annual Summit of the World Economic Forum.Why are shrimp and textile stocks rallying?The shares of these export-oriented companies had significantly declined earlier after the Trump administration increased tariffs on Indian imports to a whopping 50 percent, citing New Delhi's continued purchase of Russian oil.However, the rising expectations of India-US finalizing on the trade deal boosted the export-oriented shrimp and textile stocks, which derive a significant portion of their revenue from the American market.Shrimp stocks:Avanti Feeds shares jumped nearly 8 percent to trade at Rs 805.65 apiece. Apex Frozen Foods meanwhile rose more than 5 percent to trade at Rs 277.70 apiece.Notably, US accounted for 53 percent of exports sales for Apex Frozen in FY25. North America meanwhile contributed to 65.4 percent of total sales for Avanti Feeds, as of Q1 FY25.Coastal Corp shares were up around 5 percent.Textile stocks:Gokaldas Exports and Raymond Lifestyle shares gained more than 5 percent each, while Pearl Global Industries shares gained more than 2 percent.Follow all LIVE updates from the stock markets here.Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

View stock analysis, news, and events for Avanti Feeds Limited