Honasa Consumer shares climb 5% as Jefferies raises target price after Q2 show. Why is the brokerage bullish?
Summary
Honasa Consumer, the firm behind Mamaearth, saw a remarkable boost in its shares after revealing impressive quarterly earnings. The company recorded a nearly 87% increase in consolidated net profit for the September quarter compared to the same period last year. This surge in revenues marked the greatest growth since Honasa’s market debut. Jefferies has also upgraded its target price for the company, citing strong performance and promising future profitability.
Description from Times of India.
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Honasa Consumer shares climb 5% as Jefferies raises target price after Q2 show. Why is the brokerage bullish?
Honasa Consumer, the firm behind Mamaearth, saw a remarkable boost in its shares after revealing impressive quarterly earnings. The company recorded a nearly 87% increase in consolidated net profit for the September quarter compared to the same period last year. This surge in...
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