Election fever has gripped the state of Andhra Pradesh. This is considered as one of the toughest battles and most awaited elections in AP.
As the ruling YSRCP and the opposition parties are vying up to wrest the power, the stakes on both sides are riding high. The election stocks are also in the limelight.
One such is Heritage Foods which belongs to opposition leader and former CM Chandrababu Naidu’s family. This stock is in the top demand and on the radar of several investors in the stock market who are eyeing a near-term opportunity.
Buzz is that several seasoned investors and retail investors have heavily invested and taken positions in Heritage Foods, believing that TDP’s chances are high in the elections to be held on May 13.
The Heritage Foods stock price has doubled from Mar 2023 and is still on a positive trend even when the market is moving sideways. The stock price of Heritage is at its 52-week high, still, the demand for the stock remains intact, opine experts.
While the stock movement and prediction for the stock is not the news here. It is not a recommendation to buy or sell this stock either. The news is the political situation of AP and the mood of the state.
Several political analysts are trying to decode the AP politics in correlation with the stock. What does the mood of AP infer in reference to Heritage Share’s price uptrend? Will Chandrababu Naidu return as the CM of AP? Is this what the investors are hoping for and betting high on this stock?
Perhaps this is what the interest in buying of this stock is indicating with the election is the big event on the horizon.
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