Singhania’s portfolio boasts 27 stocks with a net worth of Rs 2,297 crore, according to Trendlyne data. His other top bets include J Kumar Infraprojects, ADF Foods, Jubilant Pharmova, Rupa & Company, Mastek and Sarda Energy & Minerals.
The company produces dairy products like milk, paneer, ghee and sweets.
Heritage Foods shares have underperformed markets, slipping 33% in the past six months. Benchmarks Nifty and the BSE Sensex fell around 5% in the same period.
The stock is currently trading below its 50-day and 200-day simple moving averages (SMAs) of Rs 335 and Rs 440, respectively.
Amid the corrections, mutual funds’ holding in Q4 picked up by 155 bps to 5.5% from 4% in the December quarter. At the same time, foreign institutional investors’ (FIIs) slashed their stake to 2.2% in the March quarter versus 4 percent in the preceding quarter.
The company reported a 20% drop in its consolidated net profit in the October-December quarter of FY26 to Rs 35 crore compared to Rs 43 crore in the year-ago period. The total revenue in the quarter under review stood at Rs 1,127 crore which was an 8% YoY growth. It had reported Rs 1,042 crore in the corresponding quarter of the last financial year.Its shares were trading 1.4% lower on Thursday on the NSE around Rs 322.55.
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