Honasa Consumer shares: 54% up in 6 months; target price ₹550 as Mamaearth stock gets BUY rating from HDFC Securities
Honasa Consumer set out an expansion.
· LiveMint Markets
HDFC Securities maintained its Buy rating on Honasa Consumer, setting a target price of ₹550.
The analysis
Honasa Consumer reported ₹550, with movement of 54% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.3% on the day at ₹477.05, and has returned +1.0% over three months. It sits 5% below its 52-week high. The fmcg sector has moved -4.2% over the same period, so Honasa Consumer is running 5.2 points ahead of its peers.
For Honasa Consumer, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Market context
- The company directly in focus is HONASA.
- Sector exposure: FMCG, Banks, Consumer & Retail.
In this story
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