India's Honasa posts best 2-day jump in 5 months, helping erase YTD losses

Honasa Consumer

23/04/2024 08:24

** Shares of Mamaearth-parent Honasa Consumer  HONA.NS  jump
~9%, taking two-session gain to ~14% - most since late Nov
    ** Stock rose 4.5% on Mon after HONA said its skincare label
'The Derma Co' hit 5 bln rupees ($60 mln) annual revenue rate
    ** Jefferies calls it "a key milestone" as brand is under 4
years; says HONA leading market for active ingredient-based
products
    ** HONA set for fourth straight session of gains in which it
has added ~16%, helping erase nearly all YTD losses
    ** Stock has jumped 30.5% since listing on Nov. 7
 
 ($1 = 83.3500 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))