The Honasa Consumer share price surged over 8% on December 30, marking a significant move in the stock market today. The rise comes after CEO and promoter Varun Alagh increased his holding in the company through a block deal, signaling strong confidence from the top management.
Shares climbed to Rs 299.40 apiece, reaching the highest level in nearly 1.5 months. This is the stock’s second straight session of gains, reflecting a renewed wave of investor confidence in the company.
CEO Varun Alagh Increases Stake
In a post-market announcement on December 29, Honasa Consumer revealed that Varun Alagh acquired 18.52 lakh shares, representing a 0.57% stake in the company, through a block deal.
Key details of the transaction:
- Acquisition price per share: Rs 270
- Total value of shares acquired: Nearly Rs 50 crore
- Price discount: 2.5% lower than the previous close of Rs 277
The shares were purchased from Fireside Ventures Investment Fund I, which has been gradually reducing its stake since Honasa Consumer’s market debut in 2023.
Following this acquisition:
- Varun Alagh’s total stake: 32.45%
- Promoter and promoter group holding: 35.54%
Honasa Consumer Shareholding Pattern
The latest shareholding data provides insights into the promoter composition:
- Varun Alagh: 31.88% (as of September)
- Ghazal Alagh (Co-founder, spouse of CEO): 3.06%
- Mukesh Alagh and Jaspal Alagh: 0.2% each
- Promoter & promoter group total: 34.97% (as of September)
- Fireside Ventures Investment Fund I: 1.93%
The recent block deal has further consolidated the promoter stake, reflecting confidence from the company’s leadership.
Market Performance of Honasa Consumer
The stock has displayed strong movement in recent weeks and months:
- Past 5 days: Up over 10%
- Past 1 month: Up around 3%
- Past 6 months: Down approximately 5%
- Year-to-date 2025: Up about 18%
- P/E ratio: Over 122
- Market capitalisation: Around Rs 9,547 crore
This performance highlights a volatile yet upward trajectory in 2025, with recent management actions providing positive signals to investors.
Summary
Honasa Consumer’s share price jump underscores the impact of promoter confidence on market sentiment. With CEO Varun Alagh increasing his stake through a high-value block deal, the company sees its top management holding strengthen. Investors have responded positively, with shares hitting a 1.5-month high and continuing a short-term upward trend.
The promoter consolidation, alongside steady market performance, keeps Honasa Consumer in focus for stakeholders following the stock market today movements.
Source: Moneycontrol
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