Honasa downgraded to ‘Sell’ as shares plunge 20% amid Q2 weakness
- Posted on November 18, 2024
- By Business News Today
- 2 Views
Honasa downgraded to ‘Sell’ as shares plunge 20% amid Q2 weakness
Emkay Global downgraded Honasa Consumer, the parent company of Mamaearth, to 'SELL' from 'BUY' and slashed its target price by 50% to Rs 300 after the company reported its first quarterly loss in five quarters due to weak demand and distribution challenges.
