The sharp drop came after Mamaearth's parent company released its Q2FY25 earnings report, which revealed weaker-than-expected performance.

Shares of Honasa Consumer, the operator of Mamaearth, on Monday crashed 20 per cent at open to make a new 52-week low.

Swiggy share price had a positive launch on the stock exchanges today (Wednesday, November 13). On the NSE, Swiggy's shares started trading at ₹420 each, marking a 7.69% increase from the issue price of ₹390.

Honasa Consumer, the parent company of Mamaearth, faced a setback with a net loss of Rs 19 crore in the second quarter. This loss comes after a strategic shift in their distribution model. Despite the setback,

Emkay has 'conservatively' cut its earnings expectations by 35 per cent over FY25-27. It has chopped its revenue expectations by 9-16 per cent and cut margin expectations, given reduced operating leverage benefits.