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Honasa Consumer soars; analyst sees breakout amid high valuations
short by / on Friday, 23 May, 2025
Mamaearth's parent company, Honasa Consumer rose 16% following a report of 13.3% year-on-year revenue growth in the March quarter, reaching ₹533.5 crore. Analyst Aditya Hujband observed a bullish breakout, though the stock appears overbought. He also pointed out red flags like low promoter holding and high valuation metrics.
read more at Stockwits