Economy · India
Honasa Consumer Shares Rise on Strong Q1 Results and Analyst Upgrades
Honasa Consumer's shares saw a 4% increase, reaching a 52-week high following strong first-quarter financial results. The company reported a profit after tax of ₹90 crore, marking a year-on-year increase of over 116%. Brokerage firms Jefferies, Emkay, JM Financial, and HDFC Securities have issued positive forecasts, with some predicting strong upside potential for the stock.
How outlets across the spectrum covered it
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- Centre (2): The Economic Times, The Hindu BusinessLine