Honasa Consumer locks 10% upper circuit as Nifty, Sensex open higher
Mamaearth parent Honasa Consumer surged to a 10% upper circuit at open, outpacing benchmarks as Nifty rose 0.2% to 23,710.80 and Sensex added 195 points to 75,379, with both indices on track for weekly gains.
Honasa Consumer (Mamaearth parent) hit a 10% upper circuit as benchmark indices opened higher, with Nifty up 0.2% and Sensex gaining 195 points, on track for weekly gains.
Why this matters
Stock surge follows Honasa's Q4 profit tripling to Rs 69 Cr (up 178%), maiden Rs 3 dividend, and Mamaearth's offline expansion to 1.2 lakh outlets driving sustained investor momentum.
Retail-company signals steady at 898 in last 90 days.