This newly-listed stock has zoomed 50% in 8 days post Jefferies Buy call

Shares of Honasa Consumer, the parent company of Mamaearth, hit a new high at Rs 383.80 on the BSE in Wednesday's intra-day trade.

Shares of Honasa Consumer, the parent company of Mamaearth, hit a new high at Rs 383.80, as they rallied 5 per cent on the BSE in Wednesday's intra-day trade. The stock of the personal care products company was quoting higher for the third straight trade, surging 16 per cent during this period. It was trading at its highest level since its market debut on November 7.

In the past eight trading days, the stock price of Honasa has zoomed 50 per cent from Rs 256.10 touched on November 10, in intra-day trade on the BSE. The sharp rally in the