Free fall: Nykaa shares at all-time low; down 20% in 1 month

Free fall

Shares of Nykaa have tanked 23% in the last one month. The stock is down over 65% from its adjusted 52-week high

Nykaa on D-Street

Shares of Nykaa hit its adjusted 52-week high of Rs 348.70 on January 17, 2022, and a 52-week low of Rs 123.3 on January 18, 2023

HSBC on Nykaa

HSBC expects revenue to double every two to three years over the coming decade. It said valuations are now even more appealing

JM Financial on Nykaa

JM Financial said the company continues to expand its omnichannel presence and its focus on new initiatives such as eB2B, which it believes will provide a significant opportunity over the next 3-5 years

Lock-in expiry

Nykaa stock has been under relentless selling pressure ever since the company's lock-in period expired for pre-IPO investors and the bonus issue announcement

Strong debut on D-Street

Nykaa made its market debut at Rs 2,001 per share on the BSE against the IPO issue price of Rs 1,125

Nykaa share price

Shares of Nykaa ended 5% lower at Rs 133 on BSE on January 17, 2023. The market cap of the firm fell to Rs 37,896.65 crore

Disclaimer

The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position

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