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