Mamaearth parent Honasa Consumer shares tumble over 15%, but Jefferies sees over 70% upside
Mamaearth shares, Mamaearth IPO: Last seen, shares of Honasa Consumer were down 9.33 per cent to Rs 273.95 apiece, which is lower than its listing price.
Mamaearth shares, Mamaearth IPO: Shares of Honasa Consumer, the parent company of Mamaearth, slipped over 15 per cent in the morning deals on Friday, November 10, to touch the day's low of Rs 256.1 apiece on the BSE. The stock made its debut on bourses on Tuesday, November 7. It was listed at Rs 330 per share, a 1.85 per cent premium to the issue price.
Last seen, shares of Honasa Consumer were down 9.33 per cent to Rs 273.95 apiece, which is lower than its listing price. The market capitalisation of the company stood at Rs 9,210 crore.
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