Apex Frozen Foods, Avanti Feeds, Coastal Corporation Gain As Shrimp Stocks Shine on Friday 

Mumbai, April 17: India’s shrimp and aquaculture stocks saw an outsized finish to the trading week on Friday, with each major player surging up in double and high-single digits.

On Friday, Avanti Feeds jumped 5.13%, Apex Frozen Foods soared 8.29%, and Coastal Corporation gained 3.39% — a sweeping green wave across the sector that underscored growing investor conviction in India’s marine export story.

Avanti Feeds opened ₹1,406 on Friday and rallied as high as ₹1,545 — its new 52-week high — before giving up some gains to ₹1,463.50 on the day. Avanti closed ₹71.40 or 5.13% higher than its previous close of ₹1,392.10. Market cap was ₹19,940 crore, with P/E at 30.82. Week-on-week, the stock is up approximately 8.2% since its April 10 open of ₹1,286. Month-on-month, Avanti has gained nearly 12% since its previous month close of ₹1,244.20 on March 17.

Apex Frozen Foods was Friday’s big mover of the three stocks, gaining ₹35.60 or 8.29% on the day to ₹465. Shares opened ₹430 and rallied to a high of ₹495, its new 52-week high, before relinquishing some gains at close. Market cap was ₹1,450 crore and trailing P/E was calculated at 12.84 based on latest quarterly revenue of ₹264.29 crore, up 14.54% year-on-year. Apex is up week-on-week around 5.4% from its previous close of ₹407.60 on April 10, and month-on-month it’s gained nearly 19% since its ₹361.20 close on March 17 — the biggest monthly gain of the three stocks.

Apex Frozen Foods Limited share prices in the last one month.

Coastal Corporation traded more quietly than its peers but stayed directional. Shares closed ₹52.53, up ₹1.72 or 3.39% from its previous close of ₹50.81. Coastal opened ₹51.81 and traded as high as ₹54.95 — a new 52-week high — holding above ₹52 for most of the afternoon session. Coastal Corporation has gained 2.6% week-on-week from its April 10 open of ₹49.50, and is up nearly 10% month-on-month from its previous month close of ₹46.22 on March 17.

Coastal Corporation Limted share prices in the last one month.

Recent news and commentary may have contributed to bigwigs turning bullish on shrimp. Indian exports of marine products have grown more than two-fold in just the last 11 years, rising from ₹30,213 crore in 2013-14 to ₹62,408 crore in 2024-25. Last week, India’s Union Minister for Fisheries, Animal Husbandry & Dairying, Rajiv Ranjan Singh asked exporters “not to sit only in the Import Export House, they should go to open market” and challenged them to hit ₹1 lakh crore worth of exports.

Source:

• NSE
• https://www.nseindia.com/get-quote/equity/COASTCORP/Coastal-Corporation-Limited