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Shares Of Pro-TDP Promoters Collapse
By: Tupaki Desk | 1 Jun 2019 4:10 PM IST
Defeat of Telugu Desam Party in Andhra Pradesh proved costly for the Companies who maintained good dealings with the previous government. In addition, Decision of the new Chief Minister YS Jagan to end the tenders issued by TDP Government in the past few months led to the crash of shares in the Infra Sector on Friday.
Share of Nagarjuna Constructions dropped by 17 percent. Nara Family's Heritage Foods lost by 2.23 percent. While Galla Jaydev's Amarraja Batteries Share plunged by almost 1 percent, Kakatiya Cements owned by NTR's Relative dropped b y 3.69 percent.
On the other hand, Share of Ramki Infra which is owned by Ayodhya Ramireddy who is close to YSR Family increased by 5.34 percent. Even Subbirami Reddy's Gayatri Infra share went up by 4.81 percent.
Big Investors and Fund Managers are worried about the drastic changes in the share values of companies owned by Prominent Personalities in AP. There was a feeling among Investors that domination one caste continued until now and another caste will claim authority from now.
Share of Nagarjuna Constructions dropped by 17 percent. Nara Family's Heritage Foods lost by 2.23 percent. While Galla Jaydev's Amarraja Batteries Share plunged by almost 1 percent, Kakatiya Cements owned by NTR's Relative dropped b y 3.69 percent.
On the other hand, Share of Ramki Infra which is owned by Ayodhya Ramireddy who is close to YSR Family increased by 5.34 percent. Even Subbirami Reddy's Gayatri Infra share went up by 4.81 percent.
Big Investors and Fund Managers are worried about the drastic changes in the share values of companies owned by Prominent Personalities in AP. There was a feeling among Investors that domination one caste continued until now and another caste will claim authority from now.