COASTCORP.NSECoastal Corporation Ltd.
COASTCORP.NSE
Coastal Corporation Ltd.38
Indian shares gain after Trump drops EU tariff threat over Greenland
Indian share benchmarks rose on Thursday, tracking a rebound in global equities after U.S. President Donald Trump walked back on threats to impose tariffs on European countries and ruled out the use of force to seize Greenland. The Nifty 50 rose 0.53% to 25,289.90, while the BSE Sensex added 0.49% to 82,307.37. Fifteen of the 16 major sectors logged gains. The broader small-caps and mid-caps rose about 0.8% and 1.3%, respectively. The MSCI’s broader index for Asia Pacific stocks outside Japan gained 0.9%. “Sentiment improved following U.S. President Donald Trump’s withdrawal of tariff threats against the European Union and his optimistic remarks on a potential India-U.S. trade deal, which encouraged short-covering and risk-taking,” said Gaurav Garg, analyst at Lemonn Markets Desk. A report by Moneycontrol quoted Trump saying on the sidelines of the World Economic Forum in Davos that the U.S. is “going to have a good deal (with India)”. Textile exporters such as Trident, Vardhman Textiles , Gokaldas Exports, and shrimp exporters Apex Frozen Foods, Coastal Corporation and Avanti Feeds jumped on optimism over New Delhi’s potential deals with the U.S. and EU.
cityfalcon.com·2mo ago
Indian seafood exporters rally after report of China suspending Japanese imports
Indian seafood exporters surged as much as 11% on Wednesday following media report that China had notified Japan of plans to suspend imports from the country, a move that could shift demand toward alternative suppliers such as India. Beijing just months ago partially eased restrictions on Japanese seafood. However, the potential renewal on the ban could deal a sharp blow to companies hoping to regain access to a market that once accounted for more than 20% of Japan’s seafood exports. On the flip side, a potential rise in Chinese demand could offer a lifeline to Indian seafood exporters squeezed by steep tariffs imposed by the United States, the country’s biggest market, with clients including major retailers such as Walmart and Kroger. Total seafood exports from India globally stood at $7.4 billion last year, with shrimp accounting for 40%. China to suspend imports of Japanese seafood amid diplomatic dispute, media reports With the tariff issue weighing on shipments, companies have been looking to diversify their export markets, said Vincent K Andrews, equity research analyst at Geojit Financial Services.
cityfalcon.com·5mo ago
Shrimp Textile Shares ! Trump Export Stocks | Paisa Live
Shrimp Textile US President Donald Trump , India-US Trade Deal Textile Shares – Welspun Living 9% , Gokaldas Exports 6% Vardhman Textiles 6% Shrimp Exporters – Coastal Corporation Ltd 20% Upper Circuit , Apex Frozen Foods 17% Avanti Feeds 12% , Shrimp Export US India , 40% Shrimp India Monetarily 21,000 Duty 17.7% , Trump Administration Tariffs 50% , Trade Deal Buying Experts Tariffs Shrimp Textile Next Multibagger Rally
cityfalcon.com·7mo ago
Indian shrimp exporter Coastal Corp says US buyers ready to take tariff hit; casts wider net to China, Russia
U.S President Donald Trump a 26% reciprocal tariff on India last week as part of sweeping duties imposed on countries across the world, stoking worries about the impact to trade and economic growth and sending stock markets into a tailspin. "Our ongoing discussions with U.S. buyers suggest that the majority are willing to absorb the increased cost, ensuring continued demand and minimising potential disruption in the near term," Coastal Corp said in a statement. The company, which also exports to regions such as Europe, Japan and South Korea, is now looking to expand its export base to China, Russia and Canada as well to reduce its reliance on a single geography.
cityfalcon.com·1y ago
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