Explained: Why Honasa Consumer share price crashed 20% today
1 month ago

Explained: Why Honasa Consumer share price crashed 20% today

India Today  

Honasa Consumer shares crashed by 20% on November 18, hitting the lower circuit at Rs 297.25 on the National Stock Exchange. Emkay Global downgraded Honasa Consumer to a ‘sell’ from its earlier ‘buy’ recommendation, cutting the target price to Rs 300 from Rs 600. Jefferies, however, maintained a ‘buy’ rating, albeit with a reduced target price of Rs 425 per share. Honasa Consumer is not the only start-up to go through pain.” The sell-off also dragged the stock below its IPO price of Rs 324, further eroding investor confidence.

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History of this topic

Honasa Consumer share price hits 10% upper circuit as co-founder raises stakes
2 weeks, 5 days ago

Honasa Consumer share price hits 10% upper circuit as co-founder raises stakes

Live Mint  

Stock Market Today: Mamaearth Patent company Honasa Consumer Ltd saw its share price rise 10% on Wednesday, to hit upper circuit during intraday trades. Honasa Consumer share price opened at ₹271.05 on the BSE on Wednesday, 3.5% higher that the previous closing price of ₹261.70. The Honasa Consumer share price thereafter rose to intraday highs of ₹287.85 marking gains of …

Honasa share price extends losses, slumps 18% to hit 52-week low on weak Q2 results
1 month ago

Honasa share price extends losses, slumps 18% to hit 52-week low on weak Q2 results

Live Mint  

Stock Market Today: Honasa share price extended losses in Tuesday's session to hit a fresh 52-week low as investors continued to offload the stock following weak Q2 results. Honasa share price today slumped 18% to hit the intraday low of ₹242.60 apiece on BSE. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Honasa share price has …

Honasa share price plunges 20% to 52-week low amid weak Q2 results
1 month ago

Honasa share price plunges 20% to 52-week low amid weak Q2 results

Live Mint  

Stock Market Today: Honasa Consumer share price slumped 20% to its 52-week low in Monday's trading session following the announcement of Q2 results. Honasa Consumer, the parent company of FMCG brands like Mamaearth and The Derma Co, announced a consolidated loss of ₹18.57 crore for the second quarter ending September 30, 2024, due to inventory adjustments. Additionally, Honasa Consumer share …

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