The stock has surged over 60% from its listing price and is up over 27% year to date
With Honasa hitting a new lifetime high on Tuesday, the company’s valuation leaped to nearly $2.1 Bn
The share price of the Mamaearth parent have been on an uptrend since NCLT approved the scheme of amalgamation involving Just4Kids Services, Fusion Cosmeceutics and Honasa
Shares of Mamaearth parent Honasa Consumer jumped over 5% in the early trading hours on Tuesday (September 10) to reach an all-time high of INR 546.5 apiece on the BSE.
The surge in the stock’s price came on the back of heavy trading volumes. More than 24 Lakh shares of Mamaearth changed hands on the BSE and the NSE today.