Shares of Apex Frozen Foods Ltd. surged 14.18% to ₹250.60 on Tuesday, hitting an intraday high of ₹255.95, after the European Union approved 102 new Indian fishery establishments for exports. The stock opened higher at ₹240 and extended gains in early trade.
EU approvals boost sector sentiment
The approval by the European Union is expected to immediately increase India’s seafood export capacity by 16%, a move seen as a strong boost for Indian marine exporters, who have been facing headwinds from the United States’ recent 50% tariff imposition on seafood imports from India.
For Apex Frozen Foods, the European Union has become a critical growth driver. In FY25, the EU contributed 39% to the company’s topline, up from 26% in FY24. The company said it witnessed robust demand from European markets and is continuing to strengthen its presence outside the US.
Market snapshot
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Current Price: ₹250.60 (+14.18%)
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Day Range: ₹240.00 – ₹255.95
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Year Range: ₹186.55 – ₹281.70
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Market Cap: ₹7,940 crore
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P/E Ratio: 86.02
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Dividend Yield: 0.79%
The Commerce Ministry of India also noted that the EU’s decision sends a positive signal ahead of the 13th round of India–EU Free Trade Agreement (FTA) talks, potentially opening further opportunities for Indian seafood exporters.
