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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