Kingmaker! These TDP-related stocks soar up to 20% after strong assembly, Lok Sabha show

Contrary to expectations, the (BJP) fell short of a simple majority, forcing it to rely on allies like TDP and to form the government. This augurs well for the allies as they have more bargaining power at the Centre.

Amara Raja Energy and Mobility encompasses a diverse range of solutions and products, which includes , , a wide range of EV chargers, Li-ion battery pack assembly, automotive and industrial lubricants, and exploration of new chemistries, among others.

The company is also one of the largest manufacturers of energy storage products for both industrial and automotive applications in India. It also makes India’s leading automotive battery brands Amaron and Powerzone, which are distributed through a large pan-India sales and service retail network.

In FY24, the battery company reported profit before tax of Rs 1,211 crore, while revenue for the same period stood at Rs 11,260 crore.

So far this year, the stock has delivered healthy returns to investors with a rise of nearly 48% year-to-date (YTD).

Meanwhile, Heritage Foods is one of India's leading value-added and branded dairy products companies. It has a presence in the cattle feed business through its subsidiary, Heritage Nutrivet Limited (HNL). Heritage Foods' milk and milk products, such as curd, ghee, paneer, flavoured milk, among others, are consumed by more than 1.5 million households in 11 states across India.

The company clocked a growth of 17% and 83% in revenues and profit in the fiscal year 2023-24, respectively. Backed by the strong financial show, The stock jumped as much as 80% this year.