Peak XV, Others Dump Honasa Shares Worth INR 1,602 Cr

• Peak XV sold 1.23 Cr shares worth INR 610.98 Cr, while Sequoia Capital Global offloaded 28.71 Lakh shares worth INR 142.12 Cr.
• Morgan Stanley and ICICI Prudential bought shares worth INR 119.67 Cr and INR 142.49 Cr, respectively.
• Honasa's shares slumped 5.48% on the BSE after touching a record high of INR 546.5 earlier in the week.
• The startup's profit after tax jumped 62.9% to INR 40.2 Cr in Q1 FY25, with operating revenue growing 19.3% YoY to INR 554 Cr.
• Brokerages remain bullish on Honasa's house of brands strategy, with Emkay giving a price target of INR 525 by June 2025.

Source: Inc42