During a remarkable five-day surge in the stock market, Nara Bhuvaneshwari, the spouse of TDP leader Chandrababu Naidu, amassed a staggering ₹579 crore as Heritage Foods’ stock experienced a substantial upswing.
Despite the broader market downturn following the Lok Sabha election outcomes, Heritage Foods’ FMCG stock surged, propelled by Bhuvaneshwari’s significant 24.37% ownership stake in the company.
With a holding of 2,26,11,525 shares in Heritage Foods, she plays a pivotal role as a prominent promoter, wielding considerable influence over the company’s decisions and performance. This robust influence reflected in the stock’s price, which stood at ₹402.90 per share as of May 31, 2024.
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