Heritage Meals, an organization shaped by the Naidu household, noticed the worth of its shares surge from ₹424 on June 3, when the Lok Sabha election outcomes weren’t declared, to ₹661.25 at the moment, after the declaration of the outcomes.
Heritage Meals skilled a major acquire of greater than 55% in its shares.
Mr. Naidu’s spouse, Nara Bhuvaneshwari, a promoter of the corporate, noticed her wealth improve to ₹535 crore.
Mr. Naidu’s son, Nara Lokesh, who holds 1,00,37,453 shares of Heritage Meals, additionally noticed his internet value rise by ₹237.8 crore.
Based in 1992, Heritage Meals is concerned within the dairy and renewable power sectors.
The corporate’s milk and milk-made merchandise have a major market presence in Uttar Pradesh, Andhra Pradesh, Rajasthan, Telangana, Uttarakhand, Karnataka, Haryana, Kerala, NCR Delhi, Tamil Nadu, Odisha, and Maharashtra.
Nara Bhuvaneshwari, with 2,26,11,525 shares, is the highest shareholder of the corporate.
Nara Lokesh, the son of N. Chandrababu Naidu, can be a promoter of Heritage Meals, holding a ten.82 per cent stake.
Nara Brahmani, Naidu’s daughter-in-law, held 0.46 %, whereas grandson Deevansh Nara held 0.06 %.
Heritage Meals additionally sells dairy merchandise and pure ghee laddus beneath the model identify ‘Truly Good.’
The corporate has a presence within the cattle feed enterprise by means of its subsidiary, Heritage Nutrivet Restricted (HNL).
Nonetheless, the surge within the share values has been a continuing phenomenon, with an 89% improve within the final month and over 150% in 2024.
In different phrases, the share values have practically tripled within the final 12 months.
Heritage Meals’ shares had renewed curiosity amongst Dalal Avenue buyers after it turned clear that Chandrababu Naidu’s social gathering had swept the Andhra Pradesh Meeting elections.
Chandrababu Naidu has turn into a key energy dealer within the NDA alliance.
His social gathering received 16 of the 17 seats it contested and was essential within the NDA profitable the elections.
The NDA received 293 seats within the 543-seat Lok Sabha.
The BJP alone might muster solely 240 seats, far beneath the easy majority mark of 272.
Additionally Learn: Chandrababu Naidu’s phenomenal comeback journey from defeat and arrest to scripting TDP’s main victory in Andhra Pradesh meeting elections
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