Feeds were formulated using different binders like agar agar, sodium alginate, gelatin, tapioca flour, carboxy methyl cellulose, carageenan, potato starch, guar gum, polyvinyl alcohol, starch powder, neem gum and chitin powder at varied levels. The visual water stability and percentage weight loss of the prepared feeds were assessed. The effect of these feeds on growth parameters were also assessed. The feed incorporating 4% guar gum gave highest growth. The performance of the feed was also tested at field levels. Growout studies conducted with feed incorporating 4% guar gum as a binder showed good water stability and growth in Penaeus indicus.