Shares of Honasa Consumer, the parent company of D2C brands like Mamaearth, The Derma Co, and BBlunt, soared over 14 percent, reaching a record high of ₹534.90 on the NSE. The stock surged after the company received approval from the National Company Law Tribunal in Chandigarh for the amalgamation scheme involving Just4Kids Services Private Limited, …
1 / 14 Adani Enterprises | The Hindenburg Research launched a broadside against SEBI chairperson Madhabi Buch, alleging she and her husband had stakes in obscure offshore funds used in the Adani money siphoning scandal. In a blog post, Hindenburg said 18 months after its damning report on Adani, “SEBI has shown a surprising lack …
Mamaearth share price were locked at 20% upper circuit on Thursday after the company reported its financial results for the quarter ended September 2023, its first quarterly earnings after the company got listed on the bourses. Mamaearth shares rallied 20% to a fresh high of ₹422.50 apiece on the BSE. Honasa Consumer, the parent company …
Shares of Honasa Consumer, parent company of Mamaearth have seen a stellar upmove since the stock announced its quarterly earnings after market hours on Wednesday. But fundamentals are not the only reason that is driving the stock rally. Besides the strong quarterly results and Jefferies projecting potential upside of as high as 70% on the …