CMP: ₹283.00 (+8.14%)
Day’s High: ₹285.50
Shares of Honasa Consumer, the parent company of Mamaearth, saw a sharp rise of 8.14% in today’s trading session, hitting a high of ₹285.50. The rally comes after news surfaced that the company’s Chief Executive Officer and co-founder, Varun Alagh, increased his stake in the company.
Key Details:
- Varun Alagh has raised his stake in Honasa Consumer to 31.93%, reflecting a vote of confidence in the company’s future.
- This increase in ownership involved an investment of ₹4.5 crore.
The move by the CEO to invest further in the company has been positively received by the market, signaling his optimism in the company’s growth trajectory. Investors and stakeholders alike view this development as a strong commitment by the leadership to drive long-term value.
Honasa Consumer operates under the flagship brand Mamaearth, known for its sustainable and toxin-free personal care products.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
