Chandra Babu Naidu’s big win and return to power have sparked positivity in the Indian stock market. Known for his focus on investments and growth, in partnership with PM Narendra Modi, Naidu is expected to bring great results for Andhra Pradesh and the country.
Over the past few years, companies closely tied to Naidu faced challenges, affecting their stock prices. For example, Amar Raja Batteries / Energies, led by former TDP MP Galla Jayadev, struggled due to political pressures and relocation demands from then CM YS Jagan. However, Naidu’s comeback is seen as a boost for these companies, including Heritage Foods owned by his family.
Heritage Foods’ stock price has tripled in the last 15 months, showing a promising future. Similarly, companies like Avanthi Feeds, linked to TDP, are also thriving. Naidu’s government is expected to support businesses like Fisheries, which could boost exports from the state.
With increased construction activities in Amaravati, infrastructure companies like NCC and KCP Cement are also seeing a rise in stock prices. Andhra Petro and West Coast Paper are among the companies in other sectors witnessing growth.
Overall, Naidu’s return has boosted investor confidence, leading to increased stock prices across various sectors.