Gokaldas, Avanti Feeds, other export-oriented shares in focus ahead of US Supreme Court ruling on Trump's tariffs

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Shares of Gokaldas Exports, Avanti Feeds, Pearl Global Industries among other export-oriented firms were in focus in Friday’s trade ahead of a key ruling by the US Supreme Court on President Donald Trump’s use of emergency powers to impose tariffs.The case will decide whether Trump can invoke the International Emergency Economic Powers Act (IEEPA) to levy tariffs without congressional approval. During arguments in November, the justices indicated scepticism over Trump’s authority to impose such duties.Analysts said export-linked stocks could see a rally if the court strikes down the tariffs, though they cautioned that alternative policy measures could limit the upside.Ajit Mishra, senior vice-president (research) at Religare Broking, said export-oriented stocks had seen a recent rebound on expectations of relief from the US Supreme Court."However, we believe market participants should temper their expectations, as the US government has planned other legislative measures to maintain or even raise tariffs in the event of an adverse ruling. Moreover, the recent weakness in broader markets further underscores the need for caution at current levels," Mishra added.Trump Tariffs Supreme Court Hearing Date TodayOver 900 lawsuits had been filed in the US Supreme Court on behalf of businesses seeking tariff refunds, according to a tally compiled by Bloomberg. Company executives, customs brokers and trade lawyers are now bracing for the ruling, which can open up the possibility of obtaining perhaps $150 billion in refunds from the US government for duties already paid by importers in case Trump loses.Why $150 billion refunds are at stakeShares of Gokaldas Exports rose nearly 3 percent to Rs 642.5 on the NSE. More than 60 percent of the company’s revenue comes from the US market. According to BSE Analytics data, the stock is down nearly 41 percent over the past one year.KPR Mill shares fell 3 percent to Rs 826.7, while Pearl Global Industries gained about 2 percent to Rs 1,522.Avanti Feeds shares declined more than 2 percent, and Apex Frozen Foods fell nearly 6 percent to Rs 260.25.Sunny Agrawal, Head of Fundamental Research at SBI Securities, said "The overhang of Trump’s tariffs is likely to continue on export-related businesses such as Gokaldas, Avanti Feeds, among others.""Today’s U.S. Supreme Court hearing can have multiple takeaways. In the first scenario, the ...

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