Stories
Honasa Jumps Over 8 Percent, ABFRL And Meesho Surge To Become Stocks Of The Day
- •Honasa Consumer shares surged over 8 percent in early trade, crossing 478 rupees with massive trading volume exceeding normal daily averages.
- •The market responded positively to Honasa business update expecting net sales value growth of over 30 percent year-on-year.
- •ABFRL shares crossed 47 rupees, driven by positive sentiment surrounding Trent and high trading volumes in early trade.
- •Jefferies assigned a target of 240 rupees for Meesho, supported by expectations of strong NMV growth and potential inclusion in the MSCI Index.
Key Questions Answered
Honasa Consumer shares jumped over 8% after the market reacted positively to its accelerating business momentum and September quarter updates. The company expects net sales value to grow over 30% year-on-year, alongside early double-digit operating margins for the second quarter of the 2026-27 financial year.
ABFRL shares crossed ₹47 with a surge of about 6%, largely driven by positive retail sentiment surrounding Trent. However, investors must evaluate historical prices cautiously because the lifestyle brands business was demerged to form Aditya Birla Lifestyle Brands with a record date of May 22, 2025.
Meesho's stock gains are supported by Jefferies giving a target price of ₹240 and forecasting an average annual Net Merchandise Value growth of 25% over five years. Additionally, discussions regarding its potential inclusion in the MSCI Index in November could attract US$ 240 million in potential buying.
