Shares of Nykaa have tanked 23% in the last one month. The stock is down over 65% from its adjusted 52-week high
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 expects revenue to double every two to three years over the coming decade. It said valuations are now even more appealing
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
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
Nykaa made its market debut at Rs 2,001 per share on the BSE against the IPO issue price of Rs 1,125
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
The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position
Story by: Tanya Aneja
Designed by: Pragati