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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. ....
Honasa Consumer reported a net profit of ₹30 crore in Q2FY24, which doubled from the same period last year. Mamaearth shares rallied 20% on November 23 to a fresh high of ₹422.50 apiece on the BSE ....
After a 20 percent jump in the previous session, shares of Mamaearth parent Honasa Consumer hit a new record high in intra-day deals on Friday on the back of strong September-quarter (Q2FY24) results and global brokerage Jefferies raising target price. ....
"Honasa should report industry-leading growth at 27% over the next 3 years. We value at 6x Sep-25 EV/sales (at a discount to HPC peers; implies 67x FY26 PE) to arrive at a price target of Rs 520," Jefferies said, while calling it a high conviction buy. ....
Shares of Mamaearth s parent Honasa Consumer continued their downward trend, falling almost 5 percent on Thursday, after a flat listing on Nov 9. The stock has shed as much as 4.7 percent in intra-day to its record low of ₹307. The stock is now 5.2 percent down from its IPO price of ₹324. ....