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

August 13, 2024

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.

More To Explore

Tech View: Nifty’s near-term trend weak; breakout above 23,350 may trigger upside bounce. How to trade on Thursday

The Nifty’s near-term trend remains weak, with the lower tops and bottoms pattern intact. The current pullback aligns with a potential new lower top, pending

January 15, 2025

Bank of Maharashtra Q3 Results: PAT jumps 36% YoY to Rs 1,406 crore, gross NPAs drop 24 bps

Bank of Maharashtra (BoM) reported a 36% YoY increase in Q3FY25 net profit, reaching Rs 1,406 crore. Interest earned rose by 22% to Rs 6,324.65

January 15, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003