Heritage Foods Hits 20% Upper Circuit, Up 65% In A Month, Should You Buy?

Shares of Heritage Foods surged nearly 20 percent to hit a record high of Rs 544 apiece on the NSE, driven by heavy volumes. The Heritage Group, founded in 1992 by TDP Chief Chandrababu Naidu, comprises three business divisions - dairy, retail, and agri - under its flagship company, Heritage Foods. Nara Lokesh, the son of N. Chandrababu Naidu, is one of the promoters of Heritage Foods. The company also has a presence in the cattle feed business through its subsidiary, Heritage Nutrivet Limited (HNL). Meanwhile, Amara Raja Energy stock was trading 12.5 percent higher at Rs 1,217.55 on the NSE. The company's MD, Galla Jayadev, is a former TDP Parliamentary Party Leader. The two-time MP and head of the Amara Raja Group decided not to contest the Lok Sabha elections this year. Should you take a fresh entry in this stock and how much will this stock rally? Market Expert Kunal Rambhia, Founder, The Streets shares his views and levels to invest in this stock. Listen in