Shares of Honasa Consumer, Mamaearth parent, hit a record high of ₹510.75 apiece earlier this year on January 23 but then entered a path of correction. Following the volatile performance of the stock since listing, brokerages have remained undetermined regarding its outlook; Here s what they say.
Derma Co offers skincare products formulated with active ingredients to target various skin concerns like acne, sun damage, dullness, and pigmentation.
Honasa Consumer: Antique said Honasa has been able to disrupt the beauty & personal care (BPC) category, which has been dominated by large MNC players, through its innovative digital-first products with a focus on natural/ toxic-free products.
Citi has initiated coverage on Mamaearth parent Honasa Consumer with a ‘buy’ call and a target price of ₹550, implying a 26 percent potential upside from its current market price of ₹436.25 (as on February 26).