At around 10:25 am, shares of Honasa Consumer were up 19.99 per cent at Rs 423.75 apiece on the National Stock Exchange (NSE). This marked a massive turnaround for the company, which made a weak market debut after its initial public offering (IPO).
Mamaearth stock has been on a downward spiral since its listing on November 7. Against the initial public offering (IPO) issue price of Rs 324, the stock got listed at a 2% premium at Rs 330 and hit a high of Rs 340.45 on an intraday basis on the listing day.