Nara Bhuvaneshwari, wife of Chandrababu Naidu, earns Rs 579 crore in 5 days from this stock
PTC News Desk: Nara Bhuvaneshwari, the wife of TDP leader Chandrababu Naidu, made Rs 579 crore in just five days thanks to a significant increase in Heritage Foods' stock price. Despite the stock market's collapse in the wake of the Lok Sabha election results, the FMCG stock saw gains because of Heritage Foods Ltd.'s shareholding pattern, which shows Nara Bhuvaneshwari owning a 24.37 per cent stake in the business.
She holds 2,26,11,525 shares of Heritage Foods and is a major advocate for the company, demonstrating her significant impact on its performance and decision-making. This had an effect on the company's stock price, which on May 31, 2024, was trading at Rs 402.90 a share.
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Even on the day of the stock market meltdown on Tuesday, the price of Heritage Foods' shares increased over the course of five sessions. The share price of Heritage Foods opened higher today and reached an intraday high of Rs 659. The price of a share of Heritage Foods has increased by Rs 256.10 over the last five sessions.
As a result, Nara Bhuvaneshwari's net worth increased significantly during the first meeting of the National Democratic Alliance (NDA)'s newly elected MPs in the new Parliament House following the alliance led by the BJP's victory in the Lok Sabha election.
The TDP lead by Chandrababu Naidu became a significant player when the BJP was unable to secure enough seats to form a government on its own. In the 543-member Lok Sabha, the NDA gained 293 seats, while the BJP only managed 240, far short of the 272 seats required to form a government.
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- With inputs from agencies
