India's Honasa Consumer rises on buying men's personal care brand
12/12/2025 05:46
** Honasa Consumer HONA.NS rises 2.5% to 262.75 rupees
** Indian personal care co and Mamaearth parent buys men's premium personal care brand Reginald Men for 1.95 bln rupees ($21.6 mln)
** Says men's personal care market expected to double to 400 bln rupees by 2032, per Imarc Research
** JPMorgan ("underweight"; PT is 260 rupees), CLSA ("outperform"; PT is 255 rupees) say acquisition complements co's existing portfolio
** Stock rated "buy" on avg; median PT is 320 rupees, per data compiled by LSEG
** More than 3.2 mln shares traded, more than 2.5x the 30-day avg
** YTD, HONA gains 2.8%
(Reporting by Abhirami G in Bengaluru)
((abhirami.g@thomsonreuters.com))
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