Chandrababu Naidu family"s wealth increased by ₹ 870 crores in 5 days, this stock"s strong run did wonders!

Chandrababu Naidu family"s wealth increased by ₹ 870 crores in 5 days, this stock"s strong run did wonders!

Chandrababu Naidu family"s wealth increased by ₹ 870 crores in 5 days, this stock"s strong run did wonders!Chandrababu Naidu family"s wealth increased by ₹ 870 crores in 5 days, this stock"s strong run did wonders!

Chandrababu Naidu family"s wealth has increased by Rs 870 crore. Its Heritage Foods" shares are on the rise. This stock has jumped 55% in just five days. Naidu family is the promoter of this company. Heritage Foods sells milk and milk products. Lakhs of families in 11 states consume the company"s products.

New Delhi: The wealth of Chandrababu Naidu family has increased by Rs 870 crore in the last 5 days. This has happened due to a 55 percent jump in the shares of Heritage Foods during this period. The Naidu family is the promoter of this company. TDP chief Chandrababu Naidu has performed brilliantly in the recently held Andhra Pradesh Assembly and Lok Sabha elections. This has taken the shares of Heritage Foods to new heights. Heritage Foods sells milk and milk products. These include curd, ghee, cheese, flavored milk and immunity milk and other products. More than 15 lakh families in 11 states of the country use the company"s dairy products.

55% gain in five sessionsH 

eritage Foods" stock has gained a whopping 55 per cent in the last five sessions. The company"s stock was trading at Rs 424 on June 3. It rose after exit polls showed a possible win for Naidu"s Telugu Desam Party (TDP) and closed at an all-time high of Rs 661.25 on Friday. The net worth of Chandrababu Naidu family members has increased significantly during this bull run.

The market capitalisation:-

of Heritage Foods rose by more than Rs 2,400 crore this week as the election results went in Naidu"s favour. The company"s market capitalisation (m-cap) rose to Rs 6,136 crore on June 7. It was Rs 3,700 crore a week ago. According to stock exchange data, the Naidu family holds a 35.7 per cent stake in the company.

Who has how much stake in the company

Chandrababu Naidu"s wife Bhuvaneshwari has a 24.37 percent stake in the company. While son Lokesh and daughter-in-law Brahmani have 10.82 percent and 0.46 percent stake respectively. Naidu"s grandson Devansh has a 0.06 percent stake in it.

Collectively, the family"s 

net worth increased from Rs 1,319 crore a week ago to Rs 2,190 crore. That is, the family"s wealth increased by Rs 870 crore. On June 7, Heritage Foods shares closed at Rs 661.25 on NSE, up 10 percent.