Despite Yesterday's Falling Market, Heritage Foods Trading In Green

Telugu Desam Party (TDP) has won the Andhra Pradesh Assembly elections. Chandrababu Naidu has returned to power in the state. After five years he will again take charge of Andhra.

Apart from this, his party has also won 16 out of 25 seats in the Lok Sabha elections. This means that TDP will play an important role in the Modi government at the Centre.

Meanwhile, shares of a company are rising rapidly in the stock market after the excellent performance of TDP. There was a rise in this stock even in yesterday's falling market and even today it is rising.

Shares of Heritage Foods closed at Rs 546.50 yesterday with a gain of about 20 percent. It has seen a rise of 37.96 per cent in the last five trading sessions.

The reason for the amazing rise in the shares of Heritage Foods is the victory of Telugu Desam Party (TDP). Actually, Chandrababu Naidu, who is going to become the Chief Minister of Andhra Pradesh for the fourth time, had started the Heritage Group.

This group came into existence in 1992. Heritage Foods is the flagship company of the group.

Heritage Foods works in dairy, retail and agri sectors. Heritage Foods is also present in the cattle feed business through its subsidiary company Heritage Nutrivet (HNL).

The company sells milk, curd, ghee, cheese, flavored milk and other milk products to 11 states. TDP Chief Chandrababu Naidu's son Lokesh is one of the promoters of Heritage Foods.

In such a situation, Heritage Foods will also directly or indirectly benefit from TDP's return to power and its balance sheet will get strengthened.