Honasa Consumer: Antique said Honasa has been able to disrupt the beauty & personal care (BPC) category, which has been dominated by large MNC players, through its innovative digital-first products with a focus on natural/ toxic-free products.
Honasa Consumer shares closed 4.04 per cent lower at Rs 383.50 in an otherwise strong session for stocks on Monday. At the prevailing price, 61 lakh shares are worth Rs 234 crore.
Honasa Consumer shares, which soared 12.45 per cent to settle at Rs 475.10 on Friday, fell 4.5 per cent to hit a low of Rs 453.70 on BSE, before recovering some group. At 9.24 am, the scrip was trading at Rs 461.10, still down 2.95 per cent.
Honasa Consumer share price: At Wednesday's closing price of Rs 352.10, the stock was up 8.67 per cent over its issue price of Rs 324. Jefferies recently initiated coverage on this stock with a high conviction Buy call
In response to the robust performance and positive management outlook, Jefferies has upgraded its earnings per share (EPS) estimates on Honasa Consumer stock by 5-6 percent