Honasa Consumer shares: 54% up in 6 months; target price ₹550 as Mamaearth stock gets BUY rating from HDFC Securities

Honasa Consumer, the parent company of Mamaearth and The Derma Co., has seen its shares rise by 54% in the last six months. HDFC Securities has maintained a 'Buy' rating on the company, setting a target price of ₹550. The brokerage cited the growth of Mamaearth and The Derma Co., expanding offline reach, and the potential of younger brands as reasons for the positive outlook.