On November 28, Mamaearth's parent company Honasa Consumer saw a 10% increase in share price, reaching INR 251.55
At 10:11 AM, the fast-moving consumer goods (FMCG) category increased by 0.86% or 178.31 points, matching Honasa's jump
The stock opened 3.14% higher at INR 235.90, compared to the previous close of INR 228.70. Today, a total of 17.59 lakh Honasa shares were traded
The company's market capitalization was INR 8,170.95 Cr until the stock achieved its top limit
The stock has been on a declining trend since Q2 FY25, when it posted a combined net loss of INR 18.6 crore
On November 19 and 22, the shares reached their all-time lows
Emkay, a brokerage firm, downgraded Honasa's stock to "sell" from "buy" and reduced its price target to INR 300 from INR 600
Despite today's upper circuit hit, the company's shares are still 54.01% behind its 52-week high of INR 547.00
In Q2 FY24, Honasa's revenue from operations decreased by roughly 7% to INR 461.8 Cr, down from INR 496.1 Cr
Total expenses increased by 9% to INR 506.2 Cr in the current quarter, from INR 464 Cr in the previous year