Today, the stock market saw a tremendous boom in Shrimp and Textile sector companies. The main reason for this is the positive statement of US President Donald Trump, in which he said that India-Rus Trade Deal can be completed soon. Textile Shares showed a bang rally – Welspun Living 9% above, Gokaldas Exports 6% and Vardhman Textiles climbed around 6%. Shrimp Exporters caught fire – Coastal Corporation Ltd 20% upper circuit, APEX Frozen Foods 17% jumped and Avanti Feeds above 12%. Actually, Shrimp is the largest market in US India in terms of expense, where 40% sold are exported from Shrimp India. Monetarily this market is more than ₹ 21,000 crore. Earlier Duty was 17.7%, but Trump Administration had increased tariffs to 50%, causing damage to the sector. Now with the expectation of Trade Deal, these shares are getting a buying buying. Experts are assuming that if the tariffs decrease then both Shrimp and Textile can give sector Next Multibagger Rally.
Shrimp and textile shares have a strong boom! Trump’s statement explodes in Export Stocks | Paisa Live | Huge jump in Shrimp and Textile Shares! Trump’s statement caused a surge in expert stocks
