Shares of the leading shrimp expiders of India fell, with Avanti feeding 4% to RS 614.05, Apex Frozen Foods fell 11.6% to RS 202.90, while Waterbase LTD fell by 3.8% to RS 47.
Textile exporters were also hit. Gokaldas Export lost 2.4%, Pearl Global fell by 5.3%, and Kitex clothing pieces, which distracted 70%of the turnover from the US, drops 5%, while KPR Mill struck 2.5%. Raymond Lifestyle, Welspun Living and Trident placed smaller losses of 1-3%.
Shock
Trump’s Extra 25% levy came into force on Wednesday 27 August, which effectively increased the import duties on Indian goods to 50%. With markets closed for Ganesh Chaturthi, the full impact only appeared in Thursday’s session. The percentage is much higher than those imposed on Asian colleagues, because exporters from Bangladesh and Vietnam are only confronted 20%, so that the competitiveness of India in important categories such as clothing and seafood undermines.
Shrimp exporters are particularly exposed. The US was the best buyer in India in 2024-25, and imported $ 2.7 billion, with frozen shrimp that accounts for 92.5% of the basket, according to the Marine Products Export Development Authority. Avanti Feeds generated 77% of its quarterly turnover from North America, while Apex Frozen derived 53%.
Analysts weigh
Dr. VK Vijayakumar, main investment strategist at Geojit Investments, said that the taxes are likely to weigh on shares in the short term, but possibly not a panic spark. “The 50% rate imposed on India, which is already in operation aimed at the market for the market that will soon be resolved. Said, pointing to the insurance of the American Minister of Treasury Scott Bessant that” will come together at the end of the day India and the US. “
In addition to rates, Vijayakumar emphasized stretched valuations and weak profit growth as more persistent concerns. According to him, export -oriented sectors can be confronted with a headwind in the short term, while investors will probably rotate in ‘reasonably appreciated domestic consumption themes’. He suggested that moving overheated small caps to safer large Cap-consumption games could offer better protection.
Wider economic fallout
The rates could shave a maximum of 40 basic points of the FY26 growth of India, said Sakshi Gupta, chief economist at HDFC Bank. “The US accounts for around 20-25% of India’s exports, and almost half of that basket is now subject to a rate of 50%. This is an important blow to export competitiveness,” Gupta now told ET, warning for overflowing in jobs, investments and sentiment.
Gupta said that labor -intensive sectors such as leather, shoes and precious stones and jewelry are probably hit hardest, although medicines, electronics, semiconductors and oil products remain outside the tariff net.
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((Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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