Shares of Apex Frozen Meals Ltd rallied 20% to the touch the day’s excessive of Rs 263.36 on tenth September. This was pushed by hopes of a possible enhance in exports to the European Union.
The European Union, on tenth September, accepted 102 new Indian fishery institutions for exports. This elevated India’s export capability by about 16%. The approval had been a long-pending demand from India.
For Apex Frozen Meals, the European Union has turn into a key market. In FY25, the EU contributed 39% to its topline, in comparison with 26% in FY24. This displays sturdy demand and a rising presence within the area.
The transfer is anticipated to learn shrimp processing firms similar to Apex Frozen, Avanti Feeds, and Coastal Company. This comes with potential enhancements in margins by FY27.
At 12:55 PM, the shares of Apex Frozen Meals have been buying and selling 17.33% larger at Rs 257.50 on NSE.
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