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Honasa Consumer shares hit 10% upper circuit amid high volume

Economic Times

Economic Times · 8m ago

Honasa Consumer shares hit 10% upper circuit amid high volume

Shares of Honasa Consumer, also known as Mamaearth, saw a 10% surge in stock price and heavy trading volumes on the NSE. This increase comes after a significant decline in the stock price over the past month. Honasa reported a net loss of Rs 19 crore for the September quarter of FY25, compared to a profit of Rs 29 crore in the same period last year. The company's revenue fell 7% YoY and also saw a decline on a QoQ basis. The stock is currently oversold, according to technical indicators.

Related News

Touché: Ashneer Grover as Mamaearth shares surge 20%

Twitter · 1y ago

Touché: Ashneer Grover as Mamaearth shares surge 20%

BharatPe's former MD Ashneer Grover took to X to share a graph showing the surge of Mamaearth parent Honasa Consumer's shares and wrote, "Touché!" Honasa Consumer's shares surged 20% and hit the upper circuit at ₹423.75, as the company's Q2 profit nearly doubled to nearly ₹30 crore. In a now-deleted tweet, Ashneer claimed he applied for Mamaearth IPO.

How did Paytm, Zomato & other startup stocks react amid market crash?

Inshorts · 1y ago

How did Paytm, Zomato & other startup stocks react amid market crash?

Shares of listed new-age tech companies declined up to 17% as stock market crashed amid counting of votes on Tuesday. Paytm hit a lower circuit of 5%, while Zomato and Mamaearth parent Honasa Consumer fell 16% and 17%, respectively. Shares of Delhivery and Nykaa fell by over 8% each and PB Fintech fell by 6%.

Why did Paytm shares hit 5% upper circuit today?

Inshorts · 1y ago

Why did Paytm shares hit 5% upper circuit today?

The shares of One97 Communications, the parent company of Paytm, hit 5% upper circuit on NSE on Monday. This comes after the fintech firm said that it has intensified its focus on insurance distribution to Paytm consumers and small merchants and SMEs. Paytm shares closed at ₹357.95 today against the previous close of ₹340.90 on the NSE.

Ola Electric Teases Launch Of Electric Bike On August 15

Inc42 · 12m ago

Ola Electric Teases Launch Of Electric Bike On August 15

EV startup, Ola Electric, hinted at the launch of an electric bike during its annual event on August 15. In a video shared on social media, the company teased the rough sketch and silhouette of the upcoming ebike model. Recently, shares of Ola Electric listed on exchanges, and after a lukewarm start, jumped 20% to hit the upper circuit.

Paytm price band revised to 10% after investors lose ₹15,000 crore in 2 days

Money Control

Money Control · 1y ago

Paytm price band revised to 10% after investors lose ₹15,000 crore in 2 days

The daily limit on shares of Paytm operator One97 Communications has been revised to 10% from 20% on NSE and BSE. The change comes after the stock hit 20% lower circuit for the second consecutive day on Friday, wiping out ₹15,016 crore from investors' wealth in two days. Paytm stock was hit after RBI put curbs on Paytm Payments Bank.

Mamaearth parent Honasa sets IPO price band at Rs 308-324; issue size up to Rs 1,701 crore

Economic Times

Economic Times · 1y ago

Mamaearth parent Honasa sets IPO price band at Rs 308-324; issue size up to Rs 1,701 crore

"Mamaearth's parent company, Honasa Consumer, has set the price band for its upcoming IPO at Rs 308-324 per share. The company aims to raise up to Rs 1,701 crore through the offering, which is expected to hit the market soon. Honasa Consumer is known for its range of personal care products, and the IPO comes as part of its expansion plans and to fuel its growth further in the market."

Honasa allots more than 45,000 stock options to ESOP pool

YourStory

YourStory · 6m ago

Honasa allots more than 45,000 stock options to ESOP pool

Honasa Consumer, Mamaearth's parent company, recently expanded its ESOP, granting 45,663 stock options to eligible employees with a value of Rs 1.12 crore, following a loss-making quarter. These options, valued at Rs 10 each, can be exercised during employment or within 90 days post-employment. Despite losing unicorn status due to financial losses and slower revenue growth, Honasa clarified its inventory's actual value, countering media claims of excessive unsold stock. Its shares closed at Rs 246.45 on BSE.

Honasa consumer sees INR 238 Cr block deal, stocks tank after early gains

Inc42 · 1y ago

Honasa consumer sees INR 238 Cr block deal, stocks tank after early gains

Honasa Consumer Ltd, the parent company of direct-to-consumer brands Mamaearth and The Derma Co, witnessed a block deal resulting in the exchange of around 2% stake or 62.90 lakh shares. The deal, worth INR 238 crore, occurred after market opening, causing the company's shares to trade at INR 379 apiece on the BSE, down 1% from the previous day's closing price. This follows reports of venture capital firm Fireside Ventures planning to offload a 1.9% stake in Honasa Consumer.

Mamaearth parent’s IPO subscribed 13% on day 1

YourStory

YourStory · 1y ago

Mamaearth parent’s IPO subscribed 13% on day 1

Honasa Consumer, the parent company of Mamaearth, saw its shares being subscribed by 13% on the first day of IPO bidding. Retail investors booked 34% of the shares reserved for them, while non-institutional investors bid for nearly 3% of the assigned shares. The price band for the IPO is set between Rs 308 and Rs 324. Honasa Consumer aims to raise Rs 365 crore through a fresh issue of shares and offer for sale. The company plans to use a portion of the proceeds for strategic acquisitions.

Goldman Sachs Sees 40% Upside In MapmyIndia; Stock Hits 20% Upper Circuit

Inc42 · 1y ago

Goldman Sachs Sees 40% Upside In MapmyIndia; Stock Hits 20% Upper Circuit

MapmyIndia received a price target of INR 2,800 from Goldman Sachs, indicating a potential upside of nearly 40%. The startup is expected to benefit from its strong position in various fast-growing markets such as automotive navigation, mapping devices, connected vehicles, telematics, and government digitization. As a result, MapmyIndia's shares were locked at the 20% upper circuit on the BSE and closed at INR 2,401.9.

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