ICICI Securities recommended hold rating on Heritage Foods with a target price of Rs 490 in its research report dated July 20, 2025.
The company intends to increase the price by Rs 1 to 2, or 2-4%, in the financial year that started on April 1.
Its revenue from operations rose close to 10 percent to Rs 1,033.93 crore in the December quarter
As of June 10, shares of Heritage Foods had doubled in just the last 12 sessions, thus leading to a windfall for the Naidu family, the company's promoters
Indian equity indices ended lower in the volatile session on June 10. At close, the Sensex was down 203.28 points or 0.27 percent at 76,490.08, and the Nifty was down 31 points or 0.13 percent at 23,259.20. Here are some stocks that moved the most in trade today.
The soon-to-be Andhra Pradesh CM's 9-year-old grandson has 0.06 percent stake (56,075 shares) in Heritage Foods, showed exchange data
Shares of Heritage Foods have doubled in value in the past 12 sessions, propelled by the political comeback of Chandrababu Naidu, who's family members are promoters of the company.
Cumulatively, Naidu's wife, son, daughter-in-law and grandson own 35.7 percent stake in Heritage Foods
Despite the volatile moves in trade, the two benchmarks Sensex and the Nifty managed to extend their rebound to the second session, albeit off their day's highs. PSU and other sectors hammered during the June 4 market meltdown also staged a solid comeback.
Given the developments, trading volumes have seen a sharp surge. As many as 56 lakh shares changed hands on June 6, way higher than the one month average of 27 lakh shares.
Chandrababu Naidu is set to become Andhra Pradesh CM for fourth term and likely to support NDA 3.0. Following the report, shares of TDP-linked companies like soared up to 20 percent.
FY25 is expected to see an accelerated double-digit growth for DDL, thanks to a pick-up in domestic milk volumes, commencement of a new plant in Kenya, and a massive increase in cattle feed capacity
Milk procurement prices have corrected on the back of a good flush season