Nara Bhuvaneswari, the wife of Telugu Desam Party leader Chandrababu Naidu, witnessed a remarkable increase in her net worth by Rs 579 crore in just five days, thanks to the stellar performance of Heritage Foods. Founded by Naidu, Heritage Foods experienced a significant rally in its stock price, jumping from Rs 402.90 per share on May 31, 2024, to an intraday high of Rs 659 per share within five trading sessions. This surge, attributed to the key promoter role of Bhuvaneswari who owns a 24.37% stake in the company, played a crucial role in the financial success she experienced. Naidu, a prominent figure in Indian politics, has been known for his focus on technology and infrastructure development during his tenures as Chief Minister of Andhra Pradesh. This surge in Bhuvaneswari’s net worth highlights the intricate link between political fortunes and market performance. The recent Lok Sabha election results, where the TDP emerged as a key player, further bolstered investor confidence in Heritage Foods, propelling its stock to new heights. Meanwhile, Chandrababu Naidu’s enduring influence in Andhra Pradesh politics continues to shape the fortunes of his family and the enterprises they are associated with, showcasing the intersection of politics and business in India.
