India's Honasa Consumer at record high on nod for two acquisitions
26/08/2024 08:28
** Shares of beauty and personal care company Honasa
Consumer HONA.NS surge 14.8% to record high of 537.90 rupees
** Mamaearth-parent's stock last up 13%, set for 2nd best
day since Nov 2023 listing
** India's National Company Law Tribunal (NCLT) approves
HONA's acquisition of playschool info platform Just4Kids
Services and skincare products maker Fusion Cosmecutics
** HONA has risen about 66% since its market debut, while
benchmark Nifty 50 .NSEI has added 29% in the same period
** Avg rating of 11 analysts on HONA is equivalent of "buy";
median PT is 542.50 rupees -LSEG data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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