The year 2024 was full of ups and downs for the Indian stock market, but this year was really great for some special stocks. These stocks performed amazingly this year. One of these shares belongs to the company of the Chief Minister of a state of the country. The name of this share is Heritage Foods Ltd. This stock has given returns of more than 50 percent to its investors in one year.
Who is the owner of Heritage Foods Ltd?
N Chandrababu Naidu is the founder of Heritage Foods Ltd. However, at present the entire responsibility of the company is with Bhuvaneshwari Nara. Chandrababu Naidu’s wife Bhuvaneshwari is also the co-founder, vice chairperson and managing director of Nara Company. Let us tell you, Chandrababu Naidu is currently the Chief Minister of Andhra Pradesh. Along with this, he is also the richest Chief Minister of the country. According to the report of Association of Democratic Reforms (ADR), Chandrababu Naidu’s net worth is Rs 931 crore.
Shares made him rich
The shares of Heritage Foods Ltd made its investors rich. This share has given returns of more than 50 percent in one year. If we talk about one year return, it is more than 59 percent. Whereas the 5 year return is more than 161 percent. Its shares also witnessed a rise on Tuesday i.e. 31st December 2024. Shares of Heritage Foods Ltd were trading at Rs 484.15 on Tuesday with a rise of 0.30 per cent.
The stock had become a rocket after the elections
The results of Lok Sabha elections 2024 came on June 4. Chandrababu Naidu and his party got good seats in this election. Apart from this, TDP had also got good number of seats in the state assembly elections. After the elections, Chandrababu Naidu became the Chief Minister of Andhra Pradesh and after becoming the Chief Minister, the company’s shares had become a rocket. Look at it this way, the company’s share price on May 23 was Rs 354.50. After this, the results of the Lok Sabha elections came and the stock started running, which stopped on June 10. While on May 23, the share was at Rs 354.50, by June 10, it reached Rs 695.
Fundamentals of Heritage Foods Ltd
Talking about the fundamentals of Heritage Foods Ltd, its market cap on Tuesday is Rs 4,505 crore. Whereas the stock PE is 25.8. Whereas, the ROCE of the stock is 16.2 percent. Talking about ROE, it is 13.3 percent. The book value of the share is Rs 96.1. Talking about the all time high of Heritage Foods Ltd, it is Rs 728 and the all time low is Rs 288. The face value of the share is Rs 5.
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