Indian exports-oriented firms drop on US tariff concerns

Indian exports-oriented firms drop 7%-11%

Donald Trump warned of higher tariffs on Indian goods over Russian oil purchases, even as New Delhi seeks trade deal with Washington

Trump has greenlit bipartisan sanctions bill targeting countries doing business with Russia, with tariffs of up to 500%, senator says

Apparel maker Gokaldas Exports GOKL.NS falls 11% to its lowest since August 2023; Pearl Global PGIL.NS drops 7.5%

Seafood exporters Avanti Feeds AVNT.NS, Apex Frozen APEX.NS lose 9% and 8%, respectively

Revenue from U.S. accounts for more than 60% of Gokaldas's overall revenue, 50% of Apex Frozen's sales

Two-thirds of Avanti's Q2 shrimp sales came from North America