Goldman Sachs initiated coverage on Honasa Consumer (Mamaearth) with a ‘Buy’ rating, seeing a 26% upside potential. Shares rose 5% post-announcement. The brokerage highlighted India’s beauty industry as a multi-year growth driver, predicting revenue and margin improvements by FY30, aided by retail expansion and new brand profitability.
Short-term volatility may persist, but financials still the go-to sector: Rohit Srivastava
Rohit Srivastava suggests navigating short-term market noise and viewing dips as buying opportunities, particularly within the outperforming financials sector, including insurance companies and NBFCs. Nifty
April 16, 2025