Nykaa shares
and its roller
coaster ride:
Should you buy?

Shares of FSN E-Commerce Ventures (Nykaa) jumped over 20 per cent to hit an intraday high of Rs 1,179.75 on Monday

Nykaa shares recover
on D-Street

On Friday, the scrip tanked over 7 per cent to hit a record low of Rs 975.50. The shares were under selling pressure ahead of the expiry of the pre-IPO investors' lock-in period on November 10

Record low for Nykaa shares

In November 2021, the online beauty retailer made a stellar debut on Dalal Street and got listed at a premium of 79 per cent to the issue price

Nykaa’s Dalal Street debut

FSN E-Commerce Ventures made its market debut at
Rs 2,001 per share on the BSE against the IPO issue price of Rs 1,125

Nykaa debuts higher
than IPO price

Nomura initiated coverage on Nykaa with a target price of
Rs 1,365. The foreign brokerage firm said that the risk-reward is quite favourable for long-term investors

Should you buy Nykaa?

Elara Capital also initiated its coverage with a 'Buy' rating with a target price of Rs 2,211

Analysts on Nykaa

JM Financial has a 'Buy’ call with a September 2023 target of Rs 1,780. If investors are looking to build long-term positions in Nykaa, any short-term dip should be used as a great accumulation opportunity, it said

Analysts positive on Nykaa

Nykaa will announce its financial results for the quarter ended September 30 on November 1

Nykaa’s Quarterly
Earnings Report

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


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