India-US Trade Deal: The trade deal between India and America is going to be finalized very soon. Both the sides have come very close to finalizing the trade agreement between them.

Union Commerce and Industry Minister Piyush Goyal said on Tuesday that you will get good news on the proposed trade agreement between India and America only when it is fair, equitable and balanced for both. With this statement of the Union Minister, a rise was seen in the shares of Apex Frozen Foods, Coastal Corporation and Avanti Feeds on Wednesday.

These stocks got wings

Shares of Apex Frozen Foods were seen trading at Rs 305.99 per share, jumping almost 5 percent, which is its new 52-week high level. At the same time, shares of Coastal Corporation rose by 9 percent and shares of Avanti Feeds rose by about 12 percent. Not only this, today there was a rise in the shares of Zeal Aqua also.

This is also a reason for the boom

On November 19, there was a sharp rise in the shares of shrimp companies, when it came to light that China has banned the import of all types of seafood items from Japan. In fact, China is enraged over Japanese Prime Minister Sanae Takaichi’s statement regarding Taiwan.

Takaichi had said in the Parliament that if China attacks Taiwan, Japan can help Taiwan by sending its army because Taiwan is closest to Japan. In such a situation, China’s attack on Taiwan could create an ‘existential threat’ for Japan. China has called his statement irresponsible and provocative.

Here, prawns are also exported from India to China. Since the situation between China and Japan is still complicated, the demand for Indian seafood products from China may increase.

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Trump Tariff: US Finance Minister Scott Besant has made a statement, only after which it was only after that today the Indian stock market started running away from textile and shrimp stock rockets. In fact, Prime Minister Narendra Modi’s Shanghai Cooperation Organization (SCO) Summit and returned from China, Skott commented on the US-India trade dispute, and said that two great countries will solve it among themselves. After Scott said so, on September 2, there was a tremendous boom in the stock of cloth and shrimp.

‘Will solve each other …’

Talking to Fox News, Scott Besant said, I think two great countries will finally solve this issue. He said that slow progress in the Indo-US trade talks was a reason behind the decision of US President Donald Trump-led US administration to increase the tariff.

However, he also criticized India’s decision to buy oil from Russia during this period. He says that this can promote Russian attack in Ukraine. Speaking on Prime Minister Narendra Modi’s Chinese visit for the Shanghai Cooperation Organization (SCO) summit, Scott Besant said, “I think India is the world’s most populous democracy.” Their values ​​are more close to us and China than Russia.

The shares of these companies boom

After this comment by Besant, the hopes of trade talks between India and the US have increased, which saw a boom in the shares of textile and shrimp today. Today, during the business, Gokaldas Exports shares had a 5 percent jump. With this, its price reached Rs 733 per share. The shares of KPR mill also rose by about 3 percent. Similarly, the shares of Raymond Lifestyle and Arvind Fashion also had a jump of about 3-3 percent.

In this sequence, the shares of Avanti Feeds have increased by about 7 percent. While Apex Frozen Foods shares jumped more than 4 percent. Significantly, a large part of the income of these companies comes from American exports. Earlier, the shares of these companies declined drastically after the US imposed 50 percent tariffs on import of Indian goods.

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