mamaearth shares

mamaearth shares: Goldman Sachs initiates coverage on Mamaearth with buy rating, stock jumps 5%

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mamaearth shares: Goldman Sachs initiates coverage on Mamaearth with buy rating, stock jumps 5%

Global brokerage firm Goldman Sachs initiated coverage on Honasa Consumer (Mamaearth) with a ‘Buy’ rating and target price of Rs 570, which indicates an upside potential of 26% from the previous day’s closing price of Rs 451 apiece. Following the coverage initiation, shares of Mamaearth also jumped 5% to Rs 472 on BSE. In its … Read more

Kotak Equities initiates coverage on Mamaearth, cites 3 key differentiators

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Kotak Equities initiates coverage on Mamaearth, cites 3 key differentiators

Domestic brokerage Kotak Institutional Equities has initiated coverage on Mamaearth’s parent company, Honasa Consumer with an ‘Add’ recommendation for a target price of Rs 450, an upside potential of 4% from the current levels. The brokerage states that it likes Honasa’s brand seeding/scaling and execution speed. A steady increase in repeat offtakes (conversion of experimentative … Read more