truee-news | truee news | true-news | indian-news

Arrayburning train
Naidu wins, sparks stock
Even before TDF Chief could take oath, stocks of Heritage food and Amara Raja billowed.

Amit Shah states fight against drugs for better future for the youth. 1.40 lakh kgs.

Shadow boxing betweenDeputy Chief Minister D.K.Shivakumar and Union Minister of Heavy Industries and

Move on Tesla, Musk asked to ban EVM in US. And this was soon after Lok Sabha Election 2024 stoking

Indian politics defines transition. Elections saw Modi as the PM heading NDA-led coalition government.

26 opposition parties come together to meet in Bengaluru. Aims at defeating BJP together in upcoming 2024

Home Affairs Ministry directed DoT to block 28000 mobile handsets allegedly linked to cybercrime. Jio,

The Commerce and Industry Minister is leaving no stone unturned to bring about new Industrial

imc-web desk

Chandrababu Naidu’s poll win made the bull go ballistic
And the very same day, Heritage Food stocks were up by 20% to INR 546.95 on BSE and Amara Raja rose to 13% to INR 1224.40. Both the stocks were linked to Telegu Desam Party-led Chandrababu Naidu.
Heritage Foods stock has surged 38% in three sessions amid speculation that Naidu might become Andhra Pradesh's chief minister for the fourth time.
Founded by Naidu in 1992, Heritage Foods operates in dairy, retail, agriculture sector and renewable energy.
Nara Lokesh, Naidu's son, is one of its promoters and according to his affidavit, Naidu's wife, Bhuvaneswari Nara, holds 2,26,11,525 shares in the company, equivalent to a 24.37% stake as of March 2024.
Naidu has grown Heritage Foods into one of India's fastest-growing publicly listed companies. With divisions in dairy and renewable energy, the company's products have a significant market presence across multiple states in India.
According to reports, the cumulative wealth of the Naidu family also jumped by a whopping Rs 1,225 crore in just under a fortnight or 12 day and is likely by the surge in the stock performance of the company.

Stock rally

The shares of KCP Limited on Monday, June 10 at 3:30 Pm IST closed at Rs 251.45, up by 0.94 per cent.
Similarly, Amara Raja Energy closed at Rs 1,402, up by 0.061 percent. Andhra Sugars ended the at Rs 114.50, a rise of 6.41 per cent.
Avanti Feeds stocks experienced a surge of 2.74 per cent, followed by Laurus Labs with 1.37 per cent surge.
Nelcast and Kallam Textiles went up by 4.91per cent and 2.67 per cent respectively to end the day on a positive note.
Virat Crane Industries stock price also increase 4.76 per cent, reaching Rs 78.32 to end the day in green.

Editor’s Note

Despite a stalwart political career, Chandrababu Naidu faded into oblivion after he left a coalition led by Narendra Modi before facing a rout in his home turf of Andhra Pradesh by his bitter rival, YS Jagan Mohan Reddy. Come Lok Sabha Election 2024 Modi’s BJP desperately needs the support of the very same Naidu at the Centre to rule comfortably for another five years. History repeats!!