Stating future growth prospects and profitability improvements, domestic brokerage firm JM Financial has reiterated its ‘Buy’ rating on Nykaa and revised its target price to Rs 250, suggesting an upside potential of 15% from the previous day’s closing price of Rs 217. The revision is driven by Nykaa’s robust performance in FY24 and its strategic … Read more
Shares of FSN E-Commerce Ventures-owned Nykaa surged 6% on Wednesday on BSE to its day’s high of Rs 197.35 after the company on Tuesday reported a 152 year-on-year (YoY) surge in net profit at Rs 13.64 crore for the quarter ended June 2024 as compared to Rs 5.42 crore posted by the beauty & personal … Read more
Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure to sink below record-high levels on Wednesday. Stocks that were in focus include names like KIMS, which rose 3%, Nykaa, which gained 0.11%, and M&M, whose shares declined 6.69% on Wednesday. Here’s what Viral Chheda, Sr. Technical Analyst at SSJ Finance & Securities, recommends … Read more
Shares of FSN E-Commerce Ventures are expected to witness their next leg of performance riding on margin improvements which will be akin to Zomato, according to estimates by Nuvama. The domestic brokerage reiterated its buy rating on the Nykaa operator while marginally raising the price target to Rs 192 from Rs 189, as suggested earlier. … Read more
Shares of FSN E-Commerce Ventures are expected to witness their next leg of performance riding on margin improvements which will be akin to Zomato, according to estimates by Nuvama. The domestic brokerage reiterated its buy rating on the Nykaa operator while marginally raising the price target to Rs 192 from Rs 189, as suggested earlier. … Read more
