News on the stock market: One of the major changes on Dalal Street is the recent increase in Heritage Foods shares, which have been rising for the last five days. The FMCG stock held up well despite the stock market meltdown that followed Tuesday's sad results of the Lok Sabha Elections.
This tenacity might be linked to Heritage Foods Ltd.'s shareholding pattern for the quarter ending in March 2024, where Nara Bhuvneshwari, the TDP leader Nara Chandrababu Naidu's wife, holds a sizeable 24.37 percent stake in the FMCG company. In just five days, Nara Bhuvneshwari's net worth has increased by an astounding ₹579 crore thanks to the recent Heritage Foods share price boom.
Following its closing price of ₹402.90 per share on May 31, 2024, the share price of Heritage Foods has increased for the past five sessions in a row. Even with Tuesday's stock market meltdown brought on by the sad results of the Lok Sabha Election, the FMCG stock finished higher.
The share price of Heritage Foods opened higher today and reached a new all-time high of ₹659 per share during the trading session. Thus, the share price of Heritage Foods has increased by ₹256.10 per share over the past five sessions in a row.
Nara Bhuvneshwari's net worth has increased significantly as a result of the recent increase in Heritage Foods' share price, since she currently owns 2,26,11,525 shares of the company. Her net worth has increased dramatically as a result of the rally, by an astounding ₹5,79,08,11,552.5, or INR 579 crore.
