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.
FIIs cut stake in 10 smallcap stocks for 3 consecutive quarters; shares fall up to 70% in CY26
FIIs reduced stakes in 235 BSE smallcap companies for three consecutive quarters. Nine stocks suffered 50–70% declines in CY26, highlighting sustained foreign investor selling and