The stock fell 17.98 per cent to hit a low of Rs 242.60. With this, the stock is down 34.70 per cent in two sessions.

Honasa Consumer is the operator of Mamaearth. Its share have crashed more than 35 per cent in the last two sessions.

The Indian stock market opened on a higher note today, November 19. However, Honasa Consumer Limited's shares extended the loss by dropping approximately 18 per cent in early trade. But what causes the downfall?

The stock had hit a 20 percent lower circuit at Rs 297.25 on November 18 after reporting its first quarterly loss in five quarters.