Telugu Desam Party-Linked Stocks Surge as TDP’s N Chandrababu Naidu Expected to Take Key Role in Centre’s Government

Stocks related to the Telugu Desam Party (TDP), such as Heritage Foods Ltd and Amara Raja Energy & Mobility Ltd, are on a bullish trend in the stock market. The surge comes as TDP leader N Chandrababu Naidu, an ally of the NDA, is anticipated to play a significant role in the formation of the next government at the Centre.

Heritage Foods, in which Nara Bhuvaneswari, the wife of Chandrababu Naidu, holds a significant stake, has witnessed a notable rise in its stock value. Additionally, Nara Lokesh, the son of N Chandrababu Naidu, and other family members are promoters of Heritage Foods. The company’s stocks have been soaring, reflecting the positive sentiment surrounding Naidu’s success in Andhra Pradesh.

Meanwhile, Amara Raja, led by Galla Jayadev, a former TDP Parliamentary Party Leader, has also seen a surge in its stock price. Although there is no direct TDP affiliation, the stock market is responding positively to the news of Naidu’s potential role in the new government.

Sources suggest that the TDP, having won 16 Lok Sabha seats under Naidu’s leadership, may be seeking key ministries in the new government, including the Speaker’s post, health department, rural development, and transport portfolios. With the BJP securing 240 seats and the NDA alliance settling at 292, Narendra Modi is expected to be sworn in as Prime Minister on June 8.