India–U.S. Trade Deal Boosts Export Stocks; Gokaldas, Avanti, Kitex Extend Rally Up To 18%

Export-oriented shares continued their upward momentum in Wednesday’s session, with stocks such as Gokaldas Exports, Avanti Feeds, and Kitex Garments gaining up to 18%, tracking improved sentiment following developments around the India-U.S. trade deal. The rally follows sharp gains recorded in the previous trading session, according to data from the National Stock Exchange.

Gokaldas Exports shares climbed as much as 20% during intraday trade to hit a high of ₹832.85 on the NSE. The stock opened with a gap-up of 12.15% and has gained over 41% over the past two sessions, exchange data showed. The company generates a significant share of its revenue from exports to the U.S. market.

Textile Stocks Extend Gains

Other textile exporters also traded higher. KPR Mill rose 2.62% to ₹1,014.90 per share, while Indo Count Industries advanced around 11%. Arvind Ltd gained over 2%, and Kitex Garments was up nearly 12% during intraday trade, according to NSE data.

The sector had earlier faced pressure after the U.S. raised tariffs on certain Indian exports. The recent rally comes after announcements related to a reduction in reciprocal tariffs under the India–U.S. trade arrangement.
ICICI Securities stated in a note that the reduction in reciprocal tariffs on Indian exports to 18% from 50% is expected to benefit export-oriented textile companies. The brokerage added that recent trade agreements with the U.K. and the European Union could further support earnings visibility for the sector.

According to ICICI Securities, the revised tariff structure provides Indian textile exporters with a competitive advantage compared with other Asian exporting nations, where tariff rates range between 19% and 30%.

Seafood Exporters See Buying Interest

Shares of seafood exporters also recorded strong gains during the session. Avanti Feeds rose around 12%, while Apex Frozen Foods gained nearly 10%. Coastal Corporation touched its 5% upper circuit, as per exchange data.
Company disclosures show that the U.S. remains a key export destination for the sector. Apex Frozen Foods derived 53% of its export revenue from the U.S. in FY25, according to its annual filing. Avanti Feeds reported that North America accounted for 65.4% of its total sales in the first quarter of FY25.

Market Context

Earlier, stocks that were focused on exports saw a lot of selling because higher U.S. tariffs made people worry about how they would affect margins and demand. The recent cut in tariffs has changed people's minds, and companies that do a lot of business in the U.S. are once again getting a lot of interest from buyers.

Most of the gains were in stocks that depend heavily on exports, especially in textiles and seafood processing, as investors looked at how the new trade terms would affect them.

The rise in these stocks is part of a larger trend that has been happening over the past two sessions, with sectors that are linked to exports doing better because of trade issues between India and the U.S.