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The company run by husband-wife co-founder duo of Varun and Ghazal Alagh capitalised on the "large unsolved need" for toxin-free baby and skin care products in India. While Varun comes from an FMCG market background (Coca-Cola, HUL, Diageo), Ghazal started her career as a corporate trainer. ....
The price action was supported by strong volume action as nearly 76 lakh shares traded on the NSE around 9:40 am. Brokerage house Jefferies has retained a buy rating on the stock for a target of Rs 530. ....
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.
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. ....