Heritage Foods and KCP Shares Continue Rising As TDP’s Chandrababu Naidu Takes Over as Chief Minister

Production of sugar and cement make up the majority of Chandrababu Naidu KCP Ltd’s overall revenue, which is approximately 96%.

For the second straight day, shares of companies connected to the Telugu Desam Party (TDP), such as KCP Ltd and Heritage Foods Ltd, continued to rise on Thursday.

The price of KCP Ltd.’s shares jumped by almost 18%, and Heritage Foods’ shares rose by 10% to a 52-week high. The opening intraday low for KCP Ltd shares on the BSE was Rs 216.05, while the stock reached an intraday high of Rs 238.70 a share.
Andhra Pradesh is home to a sizable portion of KCP Ltd. One of the three capitals of Andhra Pradesh, Amaravati, is not far from the company’s cement facility. The state’s judicial capital is Kurnool, its legislative capital is Amaravati, and its administrative capital is Visakhapatnam.

Restoring Amaravati as the nation’s capital was a pledge made by the TDP. Plans to establish Amaravati as the capital city had been shelved by the current government.

Approximately 96% of KCP Ltd’s total revenue comes from its two main business ventures, which are the production of sugar and cement. The annual capacity of Chennai-based KCP Ltd to produce cement is 4.3 million tonnes. It has a cement factory that is ideally situated close to Amaravati.

As a result of their TDP links, Heritage Foods increased 10% to Rs 601 and Amara Raja increased 9% to Rs 1,325 during Thursday’s trading. The son of party president Chandra Babu Naidu, Nara Lokesh, is the promoter of Heritage Foods, while Jay Dev Galla, the managing director of Amara Raja, was a former member of parliament.

In the meantime, Heritage Foods is among the top producers of branded and value-added dairy products in India. Through its subsidiary, Heritage Nutrivet Limited (HNL), it is involved in the cattle feed industry. In 11 states around India, over 1.5 million households eat milk and milk products from Heritage Foods, including curd, ghee, paneer, and flavoured milk.

Revenues and profit for the company increased by 17% and 83%, respectively, during the fiscal year 2023–2024. The stock increased by up to 96% this year, supported by the impressive financial results.

Heritage Foods was started by Naidu in 1992. The business produces dairy products and is involved in the renewable energy sector. It is available in Andhra Pradesh, Telangana, Kerala, Tamil Nadu, Karnataka, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand, and Uttar Pradesh. Heritage also sells milk and milk products.

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In just five days, Chandrababu Naidu’s spouse Nara Bhuvaneshwari makes ₹579 crore from this stock.

Energy storage solutions, lithium-ion cell production, a variety of EV chargers, Li-ion battery pack assembly, automotive and industrial lubricants, and the investigation of novel chemistries are just a few of the products and services that Amara Raja Energy and Mobility offers.

The company is among the biggest producers of energy storage solutions in India, catering to the needs of both industrial and automotive sectors. It also produces Amaron and Powerzone, the top car battery brands in India, which are sold and serviced via a vast network of retail stores throughout the country.

The battery manufacturer recorded Rs 1,211 crore in profit before taxes for FY24, compared to Rs 11,260 crore in revenue.
The stock has increased by almost 59% year to date this year, giving investors significant gains.
In the Andhra Pradesh assembly election, the TDP-BJP-JSP alliance secured 165 out of 175 seats.