India's Heritage Foods hits record high

Heritage Foods

06/06/2024 07:25

** Indian dairy firm Heritage Foods  HEFI.NS  rises as much
10% to record high of 601.15 rupees
    ** Stk up for fourth straight session, gains nearly 49%
during the period
    ** HEFI has jumped since exit polls predicted strong win for
Telugu Desam Party (TDP) in Andhra Pradesh, an analyst, who did
not want to be named, said
    ** Heritage was founded by Chandrababu Naidu, chief of TDP,
and others in 1992, as per co website
    ** N Bhuvaneswari, Naidu's wife, is vice chairman and MD of
HEFI, and also top shareholder in co with a 36.67% stake
    ** Naidu's TDP is also second-largest party in Prime
Minister Narendra Modi's National Democratic Alliance, which is
set to form government at centre 
    ** HEFI up about 95.4% YTD 
    

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))