Sensex

up-green-arrow

Nifty

up-green-arrow

USDINR

down-red-arrow

GBPINR

down-red-arrow

EURINR

down-red-arrow

Hot Pursuit
Close

Scrips, which has significant changes during the market hours.

 
Seafood stocks rally on strong export momentum
17-Apr-26 13:38Hrs IST

Apex Frozen Foods gained more than 11%. Avanti Feeds jumped over 6%. Coastal Corporation advanced over 5%.

Marine exports stayed resilient in March 2026. Shipments stood at $680.31 million, up 0.76% YoY.

For April 2025 to March 2026, exports rose 13.86% to $8431.33 million. This reflects strong annual momentum despite short-term volatility.

The long-term trend remains strong. Exports have grown at about 7% annually over the past 11 years. Marine product export value has more than doubled from Rs 30,213 crore in 2013-14 to Rs 62,408 crore in 2024-25. Growth is largely driven by shrimp exports.

Government commentary has supported sentiment. On 11 April 2026, Union Minister Rajiv Ranjan Singh, who heads the Ministry of Fisheries, Animal Husbandry and Dairying and the Ministry of Panchayati Raj, said exports remain strong despite global uncertainties. He highlighted rising demand from non-US markets and better diversification.

Singh also urged exporters to target Rs 1 lakh crore and adopt an open-market approach, with support from EIC, NCDC, NABARD and the Ministry of Food Processing Industries.

India exports over 350 seafood products to nearly 130 markets. The United States leads with a 36.42% share in 2024-25. It is followed by China, the European Union, Southeast Asia, Japan and the Middle East. Other markets contribute about 9%.

Steady demand and improving realizations have made marine exporters relative outperformers within agri exports. This has driven buying interest in listed seafood stocks.

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."

A Muthoot M George Enterprise