TDP chief Chandrababu Naidu's wife Nara Bhuvneshwari earned Rs. 584 crore in five days
Nara Bhuvneshwari owns a 24.37 percent stake in the FMCG company which has seen a remarkable surge in value
HYDERABAD: TDP president Nara Chandrababu Naidu's wife, Nara Bhuvaneshwari, has reportedly earned Rs. 585 crore in Fast Moving Consumer Goods (FMCG) stocks in just five days.
According to reports, Nara Bhuvneshwari owns a 24.37 percent stake in the FMCG company which has seen a remarkable surge in value. Her net worth increased by an astounding Rs. 584 crore in just five days.
Despite the stock market crash sparked by the unexpected Lok Sabha election results, Nara Bhuvneshwari, the primary promoter of Heritage Foods, saw the FMCG stock close higher on June 4, 2024.
Heritage Foods' stock price surged continuously over five sessions, reaching a record high of Rs. 661.25 per share after opening higher despite a stock market crash. This upward momentum saw a rise of Rs. 258.35 per share.
Nara Bhuvneshwari, with ownership of 2,26,11,525 Heritage Foods shares, witnessed a substantial increase in her net worth, soaring by Rs. 584 crore due to the stock's rally