Mamaearth Stocks Crashes! Honasa Shares Plunge 34% In Just 2 Days - What Triggered The Slide?
The Indian stock market opened on a higher note today, November 19. However, Honasa Consumer Limited's shares extended the loss by dropping approximately 18 per cent in early trade. But what causes the downfall?
Honasa Consumer Shares Plunge 12% on Weak Q2 Results
Honasa Consumer Ltd, owner of Mamaearth and The Derma Co, saw its shares plummet nearly 12% on Tuesday, extending Monday's decline, following weak Q2 earnings. The company reported a loss due to inventory correction and a revenue decline.
Honasa Consumer Share Price: Mamaearth's Parent Stock Crashes 18% In 2 Days Post Weak Q2 Results
The shares of Honasa Consumer, the parent company of Mamaearth, continued their downward spiral on November 19, tumbling over 18% to hit a 52-week low of Rs 242.40. This sharp decline follows a 20% lower circuit on November 18,
Honasa Consumer shares crash 20% post Q2; here’s why
Shares of Mamaearth's parent touched its 52-week low of ₹295.80 on the BSE today, falling below its IPO price of ₹324 per share.
Honasa Consumer stock plunges 18%, takes two-day fall to 35%; here are share price targets
The stock fell 17.98 per cent to hit a low of Rs 242.60. With this, the stock is down 34.70 per cent in two sessions.
Honasa Consumer share price tumbles over 30% in two trading sessions. What next?
The sharp sell-off was triggered by a disappointing set of September quarter results and concerns over the company's near-term growth outlook.
Honasa Consumer shares have halved from their peak after 35% drop in two sessions
With Monday's 20% fall, Honasa Consumer shars fell below their IPO price of ₹324. With Tuesday's drop, the stock has now halved from its peak of ₹547, which the stock had hit on September 10 this year.
Honasa Consumer shares extend losses for second session, shed 34% in 2 days
Shares of Honasa Consumer, the parent company of Mamaearth, fell 34% over two days, hitting a 52-week low of Rs 242.60, following disappointing Q2 results. Mamaearth’s stock dropped 18% on Tuesday after a 20% decline on Monday.
Honasa Consumer shares extend losses, fall another 18% on weak Q2 earnings
The stock had hit a 20 percent lower circuit at Rs 297.25 on November 18 after reporting its first quarterly loss in five quarters.
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Honasa stock plunges after poor Q2 show
Concerns over a likely decline in sales in its flagship brand, Mamaearth and earlier expectations of strong earnings growth ...
Honasa Consumer stock tanks 20%, hits 52-week low on weak Q2 results
Mamaearth is growing slower than expectations and Honasa said the company is making identified structural changes to bring it ...
Honasa Consumer shares dip 20%; stock hits lower circuit limit after weak Q2 earnings
Honasa Consumer Ltd., the parent company of brands like Mamaearth and The Derma Co., saw its shares plummet 20% after ...
Honasa Consumer shares crash 20% to 52-week low after reporting YoY loss in Q2
Honasa Consumer, the parent company of Mamaearth, faced a setback with a net loss of Rs 19 crore in the second quarter. This ...
India's Mamaearth parent loses $415 mln in market value as Q2 loss fans demand worries
Indian skincare firm Mamaearth's parent Honasa Consumer wiped off nearly 35 billion rupees ($414.7 million) in market ...