The price action was supported by strong volume action as nearly 76 lakh shares traded on the NSE around 9:40 am. Brokerage house Jefferies has retained a buy rating on the stock for a target of Rs 530.
Shares of Honasa Consumer soared 12.45 per cent to settle at Rs 475.10 on Friday. As per Nuvama Institutional Equities, a total of five block deals (17,78,000 shares) were recorded on Honasa Consumer counter worth Rs 72 crore last week at an average rate of Rs 403. The scrip climbed 43 per cent during the week.