Recently, mp kalyan banerjee of the trinamool congress made several significant but unfounded accusations against Chandrababu Naidu. It is well known that chandrababu naidu, with his sixteen MPs, assisted the bjp in regaining power in Delhi, a fact that the trinamool congress and the bjp find hard to reconcile.

He said that Chandrababu Naidu's wife profited more than 500 crores through stock market manipulation immediately following the elections. He brought up the fact that this occurred following the consequences of the stock market fall and insisted that the CDI and the ED conduct a comprehensive inquiry. These comments will make anyone who understands the stock market even somewhat giggle.
 
Everyone is aware that the company's promoters are nara bhuvaneshwari and Nara Lokesh. Together, they owned 41.3% of the business. Stock markets are driven by mood and conjecture. heritage Foods' stock increased immediately following Exit Polls' prediction that chandrababu naidu will win the ap assembly elections.
 
When the nda government was reliant on the tdp MPs, they increased even more. Actually, on May 29th, heritage foods announced its Q4 results. With revenue of Rs 950 crore, heritage foods recorded a 16.3% rise in revenue from Rs 817.6 crore during the same time last year. That caused shares of heritage foods to jump by 12.1%. Following the findings, the equities were aided by both the positive market mood and the strong performance. The value of the shares that bhuvaneshwari and lokesh held rose along with the share price. They didn't really make money, but the value of their shares rose anyway. If they sell the shares, they can profit, but that is not the situation here.
 
On Results Day, the biggest losers were adani Ports and adani Enterprises. The belief in the stock market is that gautam adani has tight ties to the bjp High Command and that the BJP's performance will negatively impact adani stock prices. It was a loss for them that day. How come the bjp would let adani Stocks lose if there was manipulation of the stock market? In actuality, adani and the bjp have no genuine relationship. However, the stock market is based on conjecture, and the adani firms' stocks declined. Sometimes, the same conjectures might be beneficial to the stocks. It's not manipulation of the stock market; it's speculation.

It was emphasized by kalyan banerjee that heritage Food Shares were the only ones to benefit from the stock market fall. All it is is foolishness. Despite the Sensex plunging 6%, 132 stocks reached a 52-week high on the Bharat Stock Exchange (BSE). Moreover, shares of heritage Food declined afterward. As of the time this article was written, they were down from 695 Rupees Per Share on june 10th to 563.40 Rupees. This does not imply that lokesh and bhuvaneshwari lost money. It is terrible that a member of parliament who knows nothing about the stock market makes foolish remarks in front of the legislature.
 
 

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SIBY JEYYA

04/07/2024 08:12 AM