Synopsis:
Shares of major Indian shrimp exporters dropped sharply after U.S. President Trump announced a 50% tariff on seafood imports from India. The move has sparked concerns over export revenue and market stability for the sector.
Apex Frozen Foods Ltd. led the decline with a 6% fall, while Zeal Aqua Ltd. and Waterbase Ltd. dropped 4% each. The tariff is expected to impact Indian shrimp exporters competitiveness in the U.S., which is one of their key markets, potentially affecting revenue and profitability for the current fiscal year.
1. Apex Frozen Foods Ltd
Apex Frozen Foods Ltd. is a leading Indian seafood company specializing in the processing and export of shrimp and other seafood products. The company focuses on high-quality frozen seafood for international markets, adhering to global standards of hygiene and sustainability, and has a strong presence in key export destinations including the U.S., Europe, and the Middle East.
With market capitalization of Rs. 681 cr, the shares of Apex Frozen Foods Ltd are currently trading at Rs. 218 apiece, down more than 6% in today’s market session from its previous closing of Rs. 229.38 apiece.
2. Zeal Aqua Ltd
Zeal Aqua Ltd is an Indian aquaculture company specializing in shrimp farming and processing. Established in 2009 and headquartered in Surat, Gujarat, the company operates over 160 farms across 300 hectares, producing approximately 1,500 metric tons of shrimp annually. Zeal Aqua is recognized for its sustainable farming practices and is the only shrimp exporter in India certified by the Aquaculture Stewardship Council (ASC) for Black Tiger Shrimp.
With market capitalization of Rs. 131 cr, the shares of Zeal Aqua Ltd are currently trading at Rs. 10.26 apiece, decreasing 4% in today’s market from its previous close Rs. 10.58 apiece
3. Waterbase Ltd
Waterbase Limited is a leading Indian aquaculture company specializing in the production of high-quality shrimp feed and seafood processing. Waterbase manufactures shrimp feed under renowned brands like BayWhite, Tiger Bay XL, and Magnum, catering to various farming techniques such as extensive, modified-extensive, and intensive. The company also processes shrimp into IQF, block frozen, and cooked forms, exporting its products to international markets including Japan, the United States, and Europe.
With market capitalization of Rs. 199 cr, the shares of Waterbase Ltd are currently trading at Rs. 47.92 apiece, slipping 3.5% in today’s market session from its previous close of Rs. 48.87 apiece.
Written by Manideep Appana
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
