Indian skincare firm Mamaearth's parent Honasa Consumer up on posting Q4 profit
24/05/2024 05:12
** Shares of Honasa Consumer HONA.NS rise as much as 7.1%
to 448 rupees, highest since Feb. 23
** Mamaearth's parent co reports consolidated net PAT of
304.8 mln rupees ($3.7 mln) vs year-ago loss of 1.62 bln rupees,
aided by strong demand for beauty and personal care products
** More than 1.3 mln shares change hands, 2.2x its 30-day
avg
** Nine analysts covering the stock on avg have a "buy"
rating; median PT is 532.5 rupees - LSEG data
** Stock up 11% so far this week, eyes best weekly gain
since Nov. 24
($1 = 83.2170 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
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