Impact of Sergio Gor's comments on India-US trade deal: Avanti Feeds, other export-oriented stocks jump up to 8% from day's low

Shrimp and textile stocks

The shares of export-oriented companies recovered some losses to trade at day’s high on January 12 after US Ambassador Sergio Gors' comments on India-US trade deal boosted markets.

This comes after the stocks declined sharply last week after US President Donald Trump threatened 500 percent tariffs on countries that continue to engage in business with Russia, including India.

What did the US Ambassador say?

US Ambassador to India Sergio Gor assumed charge in New Delhi on Monday, and said that both the countries continue to engage actively, and the next call on the much-awaited trade deal will take place tomorrow. "President TRUMP will be visiting India in next 1-2 years hopefully," he added.

He added that Trump had conveyed his best wishes to Prime Minister Narendra Modi, referring to the relationship between the two leaders as genuine. "Real friends can disagree, but resolve the difference," Gor said, framing current trade negotiations as part of a broader, resilient partnership.

Textile and shrimp stocks:

Avanti Feeds shares rose over 2 percent to close at Rs 820.90 apiece, marking a 5 percent intraday jump from its day's low. Apex Frozen Foods jumped 8 percent intraday to Rs 272 apiece. Costal Corp shares gained around 2 percent.

Gokaldas Exports shares also rose 7 percent intraday to its day’s high at Rs 648.5 apiece, before paring some gains. Revenue from US accounts for more 60 percent of the overall revenue for the company, whose shares fell more than 34 percent in 2025 amid Trump's tariff flipflops.

KPR Mill and Pearl Global shares rose 3 percent intraday to their respective day's highs.

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