Textile and seafood stocks witnessed significant movement on Tuesday following the roll-out of a refund mechanism for businesses that had earlier paid tariffs later deemed unconstitutional by the US Supreme Court. The court had ruled that former US President Donald Trump imposed these tariffs without the necessary constitutional authority, prompting corrective action in the form of reimbursements.

Market activity reflected mixed sentiment across the sector. Shares of Avanti Feeds and Apex Frozen Foods came under selling pressure by the close, even after touching their respective 52-week highs during early trading hours, indicating profit-booking at elevated levels.

Apex Frozen Foods ended 2 per cent lower at ₹474.80 on the BSE, hitting a 52-week high of ₹514.20 from the previous close of ₹483.65.

Avanti Feeds was down 2.28 per cent to close at ₹1,464.85 on the BSE, hitting a 52-week high of ₹1,592.30 in early trade.

On the other hand, textile exporter Gokaldas Exports emerged a strong gainer, settling 6.66 per cent higher at ₹768.65. Coastal Corporation also saw buying interest, with its shares ending the session 5 per cent higher at ₹53.25.

The refund initiative is expected to provide a meaningful boost to exporters in both the textile and seafood segments. By recovering previously paid tariffs, companies could see improved cash flows and margins, enabling reinvestment into operations and enhancing global competitiveness.

Published on April 21, 2026