External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

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Equity Bottom-Up

<ul><li>Honasa remains our favored pick in the sector, on better execution supporting a healthy revenue growth trend/margin expansion; this would lead to valuation re-rating.</li><li>We retain BUY on the stock, with Jun-25E TP of Rs525/sh, on 6x Jun26 sales.</li><li>The stock saw an 11% up-move last week which is likely owing to gradual comfort in the business. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Honasa remains our favored pick in the sector, on better execution supporting a healthy revenue growth trend/margin expansion; this would lead to valuation re-rating.We retain BUY on the stock, with Jun-25E TP of Rs525/sh, on 6x Jun26 sales.The stock saw an 11% up-move last week which is likely owing to gradual comfort in the business. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Honasa Consumer - Play on Execution; Re-Rating on Expected Lines

India

Honasa Consumer Limited, doing business as Mamaearth, provides e-commerce services. The Company offers baby, skin, body, and hair care products, as well as mosquito protection roll on and creams. Mamaearth serves customers in India.

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Honasa Consumer (HONASA IN)

Honasa Consumer - Play on Execution; Re-Rating on Expected Lines

Honasa remains our favored pick in the sector, on better execution supporting a healthy revenue growth trend/margin expansion; this would lead to...

Emkay

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