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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trump Reciprocal Tariffs: Avanti Feeds, Apex Frozen Foods Shares Fall To One-Month Low

  • Shares of Avanti Feeds and Apex Frozen Foods fell to a one-month low after US President Donald Trump announced reciprocal tariffs on nearly 60 countries, including India.
  • Avanti Feeds derived 69% of its revenue from the North American market in the last quarter, down from 82% in the same quarter last year.
  • The shares of Avanti Feeds fell as much as 19.16% to Rs 720.05 apiece, the lowest level since Feb. 4.
  • The shares of Apex Frozen Foods fell as much as 7.86% to Rs 199.11 apiece, the lowest level since Feb. 3.

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