ICICI Securities has reiterated its BUY call on Honasa Consumer, setting a target price of Rs 400 against the current market price of Rs 312, implying a potential upside of 28%.
Honasa Consumer Limited, the parent company of Mamaearth, witnessed a sharp 20% drop in its share price on November 18, hitting the lower circuit at Rs 297.25 on the National Stock Exchange (NSE).
