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Deal▼ Bearish for Honasa Consumer
Honasa shares fall as ₹643 crore block deal moves 4.4% of equity
The brief
- A block transaction covered 1.4 crore shares worth ₹643.4 crore
- Honasa shares fell 3% to 5% after the deal, with reports citing different declines
- Block-deal selling pressure weighed on Honasa Consumer shares
- Volumes spurt at Honasa Consumer Ltd counter
- Honasa Consumer In Focus As HDFC Securities Remains Bullish On Growth Visibility — Check Target Price
- Mayuresh Joshi prefers Bharti Airtel, stays cautious on Vodafone Idea, metals and Honasa
- Block deal today: Honasa may see 89 lakh shares changing hands; floor price at Rs 450
- GIFT Nifty down 81 points; Honasa, Varmora, ITC, HCL Tech, IRFC, Tatas among top stocks in focus
Honasa Consumer block deal
Peak XV, Sequoia and Redwood Trust planned to sell Honasa Consumer shares worth up to ₹400 crore. Promoter entities held a 35.47% stake as of the June quarter.
Tuesday, 29 September
- Honasa shares fall as ₹643 crore block deal moves 4.4% of equity