Shares of Zeal Aqua Ltd. gained 6.05% to ₹10.70 on Tuesday, September 10, after the European Union cleared 102 new Indian fishery establishments for exports. The move is expected to expand India’s seafood export volumes by 16%, a major positive for the aquaculture sector.
Market snapshot
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Current Price: ₹10.70 (+6.05%)
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Day Range: ₹10.27 – ₹10.90
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Year Range: ₹9.19 – ₹15.95
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Market Cap: ₹1.35 billion
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P/E Ratio: 8.70
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Volume: 90,010 shares
Sector boost
The EU approval is particularly significant at a time when Indian seafood exporters are grappling with a 50% tariff imposed by the US, their largest export destination. With Europe emerging as a key alternative market, companies like Zeal Aqua, Avanti Feeds, Apex Frozen Foods, and Coastal Corporation are seeing renewed investor interest.
For Zeal Aqua, which is primarily engaged in shrimp farming and processing, the EU’s nod is expected to open additional growth avenues beyond the domestic market.
