Naidu-linked firm Heritage Foods that raked in moolah on D-Street

Dairy firm with ties to TDP chief aiming for national brand status with Rs 6K cr revenue

On March 15, before the Election Commission of India released the dates for the general elections, the shares of Heritage Foods were trading at around Rs 327.75.

Shares of the relatively unknown Telugu Desam Party-related firm reached a historic high on Thursday, surging 83 per cent to Rs 601.6, with Nara Chandrababu Naidu poised to assume office as the next chief minister of Andhra Pradesh and gearing up to play a crucial role at the Centre as a National Democratic Alliance ally.

With Naidu’s return to power, the fortunes of this Hyderabad-based company, with a market capitalisation of Rs 5,582