Heritage Foods stock hits 5% lower circuit for second straight session as investors book profits

Heritage Foods, founded in 1992, is a leading value-added and branded dairy products player in India.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Heritage Foods, the dairy firm promoted by the family of Telugu Desam Party chief and Andhra Pradesh Chief Minister Chandrababu Naidu, saw its shares hit five percent lower circuit for the second straight session on June 12.

In the previous session, the stock hit its lower circuit as well, after the price band was changed from 10 percent to five percent on June 10. On June 6, the stock's circuit was revised from 20 percent to 10 percent.

At 10.35 am, Heritage Foods stock was quoting at Rs 627.3 on the NSE, as investors rushed to take some profits off the table.

Follow our live blog to catch all the market updates

A block deal, representing 1.5 percent equity or 14.2 lakh shares of Heritage Foods, which is worth Rs 89.4 crore exchanged hands in trade on June 12, at an average price of Rs 629 per share. The buyers and sellers in this transaction could not be immediately ascertained.

Since June 3, the stock of Heritage Foods has been hitting series of upper circuits after TDP became one of the key allies of the National Democratic Alliance 3.0 government. The stock doubled in mere 12 sessions as of June 10, thus leading to a windfall for the Naidu family, the promoters of the company.

Naidu's family has 35.7 percent stake in the company. His wife Bhuvaneswari has 24.37 percent stake, son Lokesh has 10.82 percent stake, daughter-in-law Brahmani has 0.46 percent stake.

On June 10, shares of Heritage Foods skyrocketed 10 percent after a large deal worth Rs 319.60 crore took place on the exchanges. Around 44 lakh shares, making up a 4.8 percent stake in the company changed hands on the exchanges.

Heritage Foods, founded in 1992, is a leading value-added and branded dairy products player in India.

Heritage Foods' milk and milk products, such as curd, ghee, Paneer, flavoured milk, and immunity milk, among others, are consumed by more than 1.5 million households in 11 states across India, it claims.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.