Indian equity trading has been volatile with a negative bias for quite some time. Over the last 10 trading sessions, the benchmark index, Sensex, has lost more than 3,000 points. From its 52-week high, the Sensex has dropped by 8.5%, while the BSE500 index has fallen by approximately 9%. However, within the BSE500 index, there … Read more
“If you have such a frothy valuation 120 times, market is very unrelenting and that is why we have seen this kind of a strong cut. Yes, I do agree, it should be a good time to start accumulating. I would not say go out and buy at one shot, but it is a good … Read more
Global brokerage firm Goldman Sachs initiated coverage on Honasa Consumer (Mamaearth) with a ‘Buy’ rating and target price of Rs 570, which indicates an upside potential of 26% from the previous day’s closing price of Rs 451 apiece. Following the coverage initiation, shares of Mamaearth also jumped 5% to Rs 472 on BSE. In its … Read more
Domestic brokerage Kotak Institutional Equities has initiated coverage on Mamaearth’s parent company, Honasa Consumer with an ‘Add’ recommendation for a target price of Rs 450, an upside potential of 4% from the current levels. The brokerage states that it likes Honasa’s brand seeding/scaling and execution speed. A steady increase in repeat offtakes (conversion of experimentative … Read more
Brokerage firm Jefferies maintained a buy rating on Honasa Consumer, ICICI Securities recommended a buy on Info Edge India, Geojit recommended a hold on Paytm and Sharekhan has a buy rating on Birlasoft. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Honasa Consumer: Buy| Target … Read more
Ramanpreet Sohi, CFO, Honasa Consumer, says “as a business and household brand, all our brands play in the mass premium, masstige categories. And this space is expected to grow at almost twice that of the mass segments in the country. Given that and how the whole online offline ecosystem is evolving, we are fairly uniquely … Read more
Shares of Honasa Consumer, which runs the Mamaearth brand of toxin-free products, on Thursday surged around 20% to touch a fresh peak of Rs 422.50 on BSE after the beauty and personal care products retailer reported 94% year-on-year (YoY) growth in Q2 profit. Driven by volume growth, Honasa’s quarterly revenue grew 21% YoY to Rs … Read more
Brokerage firm IIFL Securities downgraded Sun TV to ADD while CLSA maintained a sell rating on Jubilant FoodWorks. Jefferies has a buy rating on Honasa Consumer and Motilal Oswal recommended a neutral stance on DLF. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: IIFL Securities on Sun … Read more
ET Intelligence Group: Honasa Consumer, popularly known by its flagship brand Mamaearth, is rolling out a ₹1,700 crore IPO that includes a fresh issue of ₹365 crore and the rest an offer for sale. The Peak XV (earlier Sequoia Capital)-backed company is touted to be India’s largest digital-first beauty and personal care company and has … Read more