Mamaearth's parent Honasa Consumer share price dips after flat listing. Buy, sell or hold?

livemint.com:

Stock market today: After flat listing on BSE and NSE, Mamaearth's parent Honasa Consumer share price further went down and touched intraday low of ₹322 apiece on BSE. According to stock market experts, Mamaearth IPO witnessed 'motivated investment' in second half of the last day of subacription. Hence, there can be sharp downside if no big investment comes into the stock after listing.

They advised aggressive investors to keep an eye on bulk deals after listing. However, for those who have low risk appetite, they should book profit and exit. IRCTC set to announce Q2FY24 results, dividend today; here's what to expect Speaking on Mamaearth share price outlook, Arun Kejriwal, Founder, Kejriwal Research and Investment Services said, "Honasa Consumer share may witness sharp downside move if it fails to attract bulk investment post-listing.

So, allottees are advised to remain vigilant about the bulk deals and find out if any big investor has taken position in the scrip or not. The stock is expected to remain in small range for next few days if there is no big investor's money coming into the company." Nykaa shares jump 5% post Q2 results; here's what brokerages say Advising alloottees to book profit and exit, Mahesh M. Ojha, AVP - Research and Business Development at Hensex Securities said, "Honasa Consumer who operates Mamaearth outlets displayed a muted debut on its listing day, delivering about 2.5% returns to the investors.