The imposition of trade duties presents a significant challenge for the Indian shrimp industry, prompting exporters to diversify into alternative markets
Exporters see that some consumers in the US are open to absorb full 50 percent tariff costs to cater to the upcoming holiday season, intending to pass on the costs to end consumers
Indian shrimp exporters face heightened risk as the U.S. raises import duties to 25 percent, impacting a sector heavily reliant on U.S. imports.
Avanti Feeds reported a strong Q4FY25 with net profit up 39.6 percent year-on-year and a 36.4 percent rise in EBITDA.
Stocks to watch, 29 May: Stocks like Bharat Rasayan, HeidelbergCement India, Birlasoft,Som Distilleries and Breweries, Natco Pharma, Deepak Nitrite, RITES, Aurobindo Pharma, IndusInd Bank, Steel Authority of India, Avanti Feeds, Insecticides India, Balaji Amines, Cummins India, ITC, ADF Foods, Mishra Dhatu Nigam, and Unified Data Tech Solutions will be in focus on May 29.
The market could see some consolidation and profit booking in the upcoming sessions, though the overall trend remains positive. Below are some trading ideas for the near term.
The new tariff will add to costs, but relative tariffs will matter more. Where India stands in the tariff ladder
There is possibility that Nifty can consolidate in between 22,250-22,877 levels in this week. A breach below 22,250 might signal again resumption of down move for possible retest off 21,800 levels, said Ashish Kyal.
The market trend is expected to remain positive amid consolidation. Below are some trading ideas for the near term.
Stocks to Watch, Mar 7: Stocks like Tamilnad Mercantile Bank, NMDC, Jindal Stainless, Sudarshan Pharma Industries, Brigade Enterprises, Rail Vikas Nigam, RITES, Laurus Labs, Bharat Electronics, InterGlobe Aviation, Firstsource Solutions, TCPL Packaging, Avanti Feeds, Campus Activewear, and Balaji Phosphates will be in focus on March 7.
Avanti Feeds share price: IIFL Facilities Services Limited acquired 59.77 lakh shares while Thai Union Asia Investment Holding Limited offloaded an identical stake at the same price in the previous session.
Stocks To Watch, Mar 5: Stocks like Ola Electric Mobility, Grasim Industries, RHI Magnesita India, Apollo Hospitals Enterprise, Walchandnagar Industries, ABB India, Mindteck India, Ambuja Cements, Oil and Natural Gas Corporation, Force Motors, Avanti Feeds, Banswara Syntex, SpiceJet, and Manappuram Finance will be in focus on March 5.
With raw material prices remaining stable, the company remains well-poised for a healthy growth in the medium term, driven by the scale-up of shrimp processing and pet food segments.
The index is expected to extend its southward move in the upcoming sessions, given the negative sentiment. Below are some trading ideas for the near term.
The company's revenue from operations jumped nearly 9 percent to Rs 1,366 crore during Q3 FY25. It had earlier reported revenue from operations at Rs 1,253 crore for Q3 FY24.
The market is expected to see consolidation after the recent rally. Below are some trading ideas for the near term.
Indian markets kickstart 2025 on a happy note as the two benchmarks broke free of its lackluster performance after two days.
Incred anticipates a robust recovery for the shrimp industry in CY2025, driven by rebounding global demand and reduced competition from Ecuador, where overproduction has led to industry consolidation.
Geojit Financial Services recommended accumulate rating on Avanti Feeds with a target price of Rs 715 in its research report dated December 23, 2024.