Apex Frozen Foods

** India's stock benchmarks Nifty 50 .NSEI and Sensex .BSESN rise 0.8% each, led by financials on earnings optimism and a partial rollback of rupee curbs

** Other Asian markets .MIAPJ0000PUS gain 1.1% as United States expressed confidence that peace talks with Iran would go ahead in Pakistan and a senior Iranian official said Tehran was considering joining MKTS/GLOB

** Brent LCOc1 below $95 a barrel O/R

** Fifteen of 16 major sectors advance; financials .NIFTYFIN rise 0.75%, banks .NSEBANK, private banks .NIFPVTBNK and state-owned lenders .NIFTYPSU up 1.1% each

** ICICI Bank ICBK.NS gains 1.8% after rising 0.7% in the previous session after upbeat quarterly results

** Non-bank lender PNB Housing Finance PNBH.NS jumps 8% after posting higher quarterly profit on strong home loan demand and improved asset quality

** Seafood exporters Coastal Corp COAS.NS, Apex Frozen APEX.NS and Avanti Feeds AVNT.NS jump as U.S. tariff refunds begin

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of shrimp exporters soar after upbeat Q3 earnings

** India's Apex Frozen APEX.NS zooms as much as 18.8% to six-year high of 443.1 rupees

** Avanti Feeds AVNT.NS jumps 16.9% to record high of 1,395 rupees

** Apex Frozen posts 100.9 million rupees ($1.1 million) profit vs loss a year ago, while Avanti Feeds' profit rises 10.5%

** More than 10 million shares of APEX change hands on the day, ~6.6x of 30-day average volume

** AVNT also sees spurt in volumes; nearly 10 million shares traded vs 30-day average volume of 1.6 million

** AVNT up 50% so far this month, while APEX is up 27.7% after long-awaited India-U.S. trade deal

($1 = 90.6350 Indian rupees)

(Reporting by Vivek Kumar M)

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** Shares of Indian shrimp exporters rise between 3.5% and 8%

** Coastal Corporation COAS.NS up 3.5%, Avanti Feeds AVNT.NS gains 5.8% and Apex Frozen Foods APEX.NS climbs 8%

** Shares extend gains after U.S., India release interim framework for trade deal that lowers tariff rate on Indian exports to 18%

** U.S. is one of the largest international markets for Indian seafood exporters

** Since a trade deal was first announced on February 2, AVNT has climbed 35%, APEX has risen 27% and COAS is up about 15%

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Indian seafood exporters Apex Frozen Foods APEX.NS, Avanti Feeds AVNT.NS and Coastal Corporation COAS.NS rise between 5% and 20%

** Stocks surge after India and U.S. enter a trade deal; U.S. to lower tariffs on India to 18%, remove 25% levy for purchase of Russian oil

** Indian seafood exporting firms had been hit by higher tariffs from the U.S. since last year; U.S. is the biggest market for India's shrimp farmers and exporters

** YTD, APEX up 5.3%, AVNT down 3.8%, COAS up 0.75%

(Reporting by Surbhi Misra in Bengaluru)

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**Shares of Indian seafood exporters Apex Frozen Foods APEX.NS, Avanti Feeds AVNT.NS and Coastal Corporation COAS.NS rise between 2% and 5.3% ahead of India's federal budget

**India's government is expected to announce measures to support seafood exporters hit by U.S. tariffs

**India's Finance Minister Nirmala Sitharaman to present union budget at 11:00 a.m. IST today

**YTD, APEX up 4.7%, AVNT down 4.2%, COAS down nearly 2%

(Reporting by Mridula Kumar in Bengaluru)

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** Shares of Indian seafood exporters rise after India and EU sign trade deal

** EU will cut tariffs on 99.5% goods traded over seven years, with tariffs to be cut to zero on Indian marine goods

** Apex Frozen APEX.NS leads the pack, jumps 14%

** Avanti Feeds AVNT.NS up nearly 2% and Coastal Corporation COAS.NS gains 3%

** Indian seafood exporting firms have been hit by higher tariffs from the U.S. since last year; U.S. is the biggest market for India's shrimp farmers and exporters

** YTD, AVNT is down 8%, APEX up 6.7%, COAS down 7.7%

(Reporting by Komal Salecha in Bengaluru)

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** Shares of Indian textile firms and seafood exporters jump on optimism on India–U.S. trade talks, and a likely India–EU trade deal

** Among textile firms, Trident TRIE.NS rises 3%, Vardhman Textiles VART.NS up 3.1%, Gokaldas Exports GOKL.NS climbs 5.3% and Welspun Living WLSP.NS jumps 6%

** Seafood exporters Apex Frozen Foods APEX.NS, Coastal Corporation COAS.MS and Avanti Feeds AVNT.NS trading higher by 3.4%, 2.4% and 6.4% respectively

** U.S. president Donald Trump signalled optimism on a bilateral trade deal with India, while speaking to Moneycontrol

** A India-EU trade deal is also on the cards, with a deal likely to be concluded in the next few days, Spain's Foreign Minister José Manuel Albares said on a visit to New Delhi on Wednesday

** United States is the biggest market for India's shrimp farmers and exporters; India also holds a 5%-6% share of EU's $125 billion worth of textiles and apparel imports

(Reporting by Anuran Sadhu in Bengaluru)

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Updates

** Indian exports-oriented firms drop 7%-11%

** Donald Trump warned of higher tariffs on Indian goods over Russian oil purchases, even as New Delhi seeks trade deal with Washington

** Trump has greenlit bipartisan sanctions bill targeting countries doing business with Russia, with tariffs of up to 500%, senator says

** Apparel maker Gokaldas Exports GOKL.NS falls 11% to its lowest since August 2023; Pearl Global PGIL.NS drops 7.5%

** Seafood exporters Avanti Feeds AVNT.NS, Apex Frozen APEX.NS lose 9% and 8%, respectively

** Revenue from U.S. accounts for more than 60% of Gokaldas's overall revenue, 50% of Apex Frozen's sales

** Two-thirds of Avanti's Q2 shrimp sales came from North America

(Reporting by Mridula Kumar and Nishit Navin in Bengaluru)

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** Indian shrimp exporters Avanti Feeds AVNT.NS and Apex Frozen APEX.NS jump 5.2% and 9.5% respectively; Coastal Corporation COAS.NS surges 20%

** India and the U.S. are nearing trade agreement that would reduce tariffs on Indian shipments to 15% to 16% from 50% - Mint report

** The U.S. accounted for 53% of exports sales for APEX, as of FY25; North America contributed to 65.4% of total sales for AVNT, as of Q1FY25

** India's Ministry of Commerce and Industry and the White House did not immediately respond to Reuters' requests for comments

** YTD, AVNT up 6.5%; APEX, COAS down 7.4%, 15.6%

(Reporting by Manvi Pant)

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** Shares of seafood exporters jump on European Union approval for exports

** Coastal Corporation COAS.NS, Apex Frozen APEX.NS amd Avanti feeds AVNT.NS rise 20%, 15% and 9.1% respectively

** COAS set for best day in more three and a half years

** The EU has approved 102 new Indian fishery units for export, boosting market access for aquaculture shrimp, squid and octopus

** Rising hopes for India-U.S. trade talks also supports gains in seafood exporters

** North America sales form 70% of AVNT's total sales and U.S. accounts for 56% for APEX's sales, as of Dec 2024

** YTD, AVNT up ~7%; COAS and APEX down 31% and 7.6%, respectively

(Reporting by Urvi Dugar)

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** Indian shrimp exporters Avanti Feeds AVNT.NS and Apex Frozen APEX.NS drop 5.2% and 2.5%, respectively

** Drop after Trump's executive order imposing additional 25% tariff on goods from India

** North America sales form 70% of AVNT's total sales and U.S. accounts for 56% for APEX, as of Dec 2024

** AVNT and APEX down 7% and 9%, respectively, since July 31 when Trump imposed initial 25% tariff on Indian imports

(Reporting by Kashish Tandon in Bengaluru)

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** Indian shrimp exporters Avanti Feeds AVNT.NS and Apex Frozen Foods APEX.NS fall 3% and 2%, respectively

** U.S. President Donald Trump slaps 25% tariff on Indian imports starting August 1 and an unspecified penalty

** North America accounted for 70% of AVNT's total sales and US accounted for 56% for APEX, as of December 2024

** AVNT and APEX slumped as much as 10% in April when Trump first announced reciprocal tariffs on India

** YTD, AVNT down 2% vs APEX's 13% decline

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of shrimp exporters Apex Frozen Foods APEX.NS, Avanti Feeds AVNT.NS Costal Corporation COAS.NS rise 5.2, 6.7% and 7.3% respectively

** U.S. President Donald Trump announced a 90-day pause on reciprocal tariffs on Wednesday

** The three stocks had declined 6.9%, 14.8%, 13.9% up to Wednesday since Trump announced tariffs on April 2

** U.S. bought Indian seafood worth $2.55 billion in FY24, which mostly comprised of shrimp

** An unnamed government official told Reuters Thursday the tariff pause is especially a relief for shrimp exporters, citing an industry that faced a tariff disadvantage compared to competitors like Ecuador

(Reporting by Nandan Mandayam in Bengaluru)

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April 9 (Reuters) - Indian shrimp exporter Coastal Corporation COAS.NS said on Wednesday most of its U.S. buyers were willing to absorb the higher costs stemming from the new tariffs, but added it was also exploring increasing exports to China, Russia and Canada.

U.S President Donald Trump a 26% reciprocal tariff on India last week as part of sweeping duties imposed on countries across the world, stoking worries about the impact to trade and economic growth and sending stock markets into a tailspin.

"Our ongoing discussions with U.S. buyers suggest that the majority are willing to absorb the increased cost, ensuring continued demand and minimising potential disruption in the near term," Coastal Corp said in a statement.

The company, which also exports to regions such as Europe, Japan and South Korea, is now looking to expand its export base to China, Russia and Canada as well to reduce its reliance on a single geography.

The U.S. was the company's biggest buyer of shrimp in fiscal 2024, according to Costal Corp's latest annual report.

The world's largest economy also accounts for two-thirds of India's $7.4 billion worth of seafood shipments in fiscal 2024, data from the Marine Products Export Development Authority showed.

Coastal Corp's shares have dropped about 14% since Trump announced tariffs of 26% on India last Wednesday. Peers Apex Frozen Foods APEX.NS and Avanti Feeds AVNT.NS have declined 6.5% and 13.4%, respectively.

Coastal Corp, which has a market capitalisation of $27 million, clocked around $50 million in revenue last year, up about 23% from a year earlier.

($1 = 86.5060 Indian rupees)

(Reporting by Shivani Tanna in Bengaluru; Editing by Janane Venkatraman)

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** Shares of Indian shrimp exporters with large U.S. exposure, Avanti Feeds AVNT.NS and Apex Frozen Foods APEX.NS, drop 10% and 4%, respectively

** United States imposes 26% reciprocal tariffs on Indian exports to the country

** North America accounted for 69% of AVNT's shrimp exports for the quarter ended December 31. U.S. accounted for 52% of APEX's sales

** AVNT set for its worst day in five years

** AVNT is up 16.5% so far in 2025, while APEX is down 23%

(Reporitng by Nishit Navin)

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** Shares of India's Apex Frozen APEX.NS, Zeal Aqua ZEAQ.BO, Coastal Corporation COAS.NS and Kings Infra Ventures KIVL.BO up between 4.4% and 9.3%

** India will introduce framework for sustainable harness of fisheries in the exclusive economic zone, Finance Minister Nirmala Sitharaman says in union budget

(Reporting by Manvi Pant in Bengaluru)

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** Avanti Feeds AVNT.NS, Coastal Corp COAS.NS and Apex Frozen APEX.NS gain between 2.7%-4%

** Financial support to set up nucleus breeding centres for financing and export will be facilitated, Finance Minister Nirmala Sitharaman says in 2024/25 union budget

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Apex Frozen Foods APEX.NS fall as much as 16.31%, highest intraday pct slide since August 2021, to 218.10 rupees

** Co, which produces and exports food products, posts 62% fall in Dec-quarter net profit to 29.74 million rupees; revenue down 36%

** Revenue hurt by dip in volumes due to subdued U.S. demand and lower realisations on tapering global shrimp prices, says APEX

** Adds, higher freight costs and weak sales hurt profitability

** Stock down 0.6% in 2024 so far - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

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** Shares of India's fisheries stocks up between 5% and 8%

** Avanti Feeds AVNT.NS leads gains with 7.5% rise; BKV Industries BKVI.BO hits upper circuit of 5%

** India Finance Minister Nirmala Sitharaman in budget speech says government targets doublng seafood exports to 1 trillion rupees ($12.05 bln)

** Apex Frozen Foods APEX.NS rises 6%; Coastal Corporation COAS.NS shares up 8%

** BKVI rose 25% in Jan, highest among fisheries stocks; APEX rose least, gaining 13%

($1 = 82.9900 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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Aug 14 (Reuters) - Apex Frozen Foods Ltd APEX.NS:

• INDIA'S APEX FROZEN FOODS JUNE-QUARTER NET PROFIT 36.5 MILLION RUPEES VERSUS PROFIT 185.5 MILLION RUPEES

• APEX FROZEN FOODS JUNE-QUARTER REVENUE FROM OPERATIONS 2.54 BILLION RUPEES VERSUS 3.19 BILLION RUPEES

Source text for Eikon: ID:nNSE5YRMj6

Further company coverage: APEX.NS

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