Heritage Food Share Price Hits Record High
📈 Small-cap company Heritage Foods is currently making headlines as its share price surged by 10% on Friday, reaching ₹661.75. The company’s shares have seen a growth of over 55% in the past five days, jumping from ₹424.80 to ₹660.
📊 In the last 11 trading sessions, Heritage Foods’ shares have shown a upward trend in 10 of them. The company’s shares have witnessed a rapid rise due to the news of Telugu Desam Party leader Chandrababu Naidu becoming Chief Minister for the fourth time in Andhra Pradesh.
📈 Over the past month, Heritage Foods Limited’s shares have seen a growth of over 100%. From trading at ₹328.10 on May 7, 2024, the share price has now reached ₹661.75 on June 7, 2024, hitting a new record high.
📊 The company, founded by Chandrababu Naidu, started as a legacy group in 1992. His wife Bhuvaneshwari Nara and son Nara Lokesh are also promoters of Heritage Foods. The company operates in three main business segments ★dairy, retail, and agriculture.
📈 As per the latest quarterly shareholding pattern from March 2024, Bhuvaneshwari Nara holds a 24.37% stake and Nara Lokesh holds a 10.82% stake in the company. Promoters collectively own 41.3% of the company, while mutual funds hold 11.55%.
🚀 Heritage Foods’ shares have witnessed a growth of over 181% in the past six months and over 211% in the last year, making it a top performer in the market.
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