Honasa Consumer's stock jumped more than 8% on Dec 30 after its promoter‑CEO Varun Alagh bought more shares.
What sparked the price rise?
The stock rose to ₹299.40, the highest level in about 1½ months, extending gains for a second day.
Block deal details
In a post‑market filing on Dec 29, Varun Alagh bought roughly 1.85 million shares (0.57% of the company) for ₹270 each. That totals about ₹50 crore and is a 2.5% discount to the previous close of ₹277.
The seller was Fireside Ventures Investment Fund I, which has been cutting its stake since the company went public.
How the ownership picture changed
- Alagh’s holding rose to 32.45% of Honasa Consumer.
- Overall promoter and promoter‑group ownership is now about 35.54%.
- His wife, co‑founder Ghazal Alagh, holds about 3.06%.
- Other family members hold roughly 0.2% each.
Recent stock performance
In the last five trading days the shares have gained over 10%, and about 3% in the past month. Over the past six months the stock is down around 5% but is up roughly 18% so far in 2025. The market value is close to ₹9,547 crore, with a price‑to‑earnings ratio above 122.
What investors should note
A promoter buying shares can be a sign of confidence, but the high P/E suggests the stock is still pricey. As always, do your own research before making any decisions.
Remember, this is perspective, not prediction. Do your own research before acting.