Honasa Consumer shares rise 3% as promoter Varun Alagh raises stake via bulk deal

Honasa Consumer shares rose after promoter Varun Alagh bought nearly 18.52 lakh shares from Fireside Ventures. This bulk deal valued at Rs 50 crore increased Alagh's stake. The Mamaearth parent company has shown improved financial performance in recent quarters. Despite this, the stock remains below its IPO price. The company operates popular brands like Mamaearth and The Derma Co.