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Honasa’s stock falls 6% despite growth efforts
Shares of Honasa Consumer, the parent company of Mamaearth, fell nearly 6% during intraday trading on March 3, closing at 203.45 rupees (US$2.33) on the Bombay Stock Exchange (BSE).
The company’s market capitalization was 6,634 crore rupees (US$760 million), with over 320,000 shares traded by 12:05 PM.
Over the past year, the stock has lost about 50% of its value and declined more than 8% in the last five trading sessions.
It has finished in negative territory in three of the last seven sessions, having closed at 216.05 rupees (US$2.47) on Feb. 28.
The company has made recent changes to enhance operations, such as hiring Lokesh Chhaparwal as senior vice president of technology and engineering.
Recent Honasa developments
| Timeline |
|---|
13-Feb-2025 📊 Mamaearth parent Honasa reports $3m profit in Q3
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07-Jan-2025 🔧 Mamaearth parent names Lokesh Chhaparwal as new tech VP
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03-Jan-2025 📉 Honasa CBO Zairus Master resigns amid company struggles
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07-Nov-2023 💄 Mamaearth parent makes quiet debut as shares stay level
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| 02-Nov-2023 💄 In 50 Words: Mamaearth IPO fully subscribed with strong institutional push |
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