Honasa Shares Slip 6% During Morning Trade

With a drop in its share price, the company’s market capitalisation stood at INR 6,634 Cr with more than 3.2 Lakh shares exchanged hands by 12:05 PM

At the current market price, the stock has lost almost 50% in the past one year and in the short term it lost over 8% over the course of the last five days

The stock has ended in the red in three out of the last seven sessions on the BSE, closing the last trading session (February 28) at INR 216.05

Shares of Mamaearth’s parent Honasa Consumer crashed almost 6% to INR…