Textile and seafood stocks experienced notable fluctuations on Tuesday following the introduction of a refund mechanism for businesses that previously paid tariffs ruled unconstitutional by the US Supreme Court. The ruling indicated that former President Donald Trump imposed these tariffs without proper constitutional authority, prompting a subsequent reimbursement process for affected companies.
Market sentiment was mixed across these sectors. Shares of Avanti Feeds and Apex Frozen Foods faced selling pressure by the end of the trading session, despite having reached their respective 52-week highs during early trading, which suggested profit-taking at elevated prices.
Apex Frozen Foods concluded the day 2 percent lower at ₹474.80 on the Bombay Stock Exchange (BSE), after hitting a 52-week high of ₹514.20 earlier, compared to the previous close of ₹483.65. Similarly, Avanti Feeds saw its stock decline by 2.28 percent to finish at ₹1,464.85, with an earlier high of ₹1,592.30 during the trading session.
Conversely, Gokaldas Exports, a textile exporter, emerged as a significant gainer, closing 6.66 percent higher at ₹768.65. Coastal Corporation also attracted buying interest, with its shares rising 5 percent to end the day at ₹53.25.
The newly introduced refund initiative is anticipated to provide a substantial boost to exporters in both the textile and seafood industries. By recovering previously paid tariffs, these companies could experience improved cash flows and profit margins, facilitating reinvestment in their operations and enhancing their competitiveness in global markets.
Published on April 21, 2026
