Nykaa Stock: FSN E-Commerce Ventures (Nykaa) has been given a ‘buy’ rating and a base target of Rs 1,650, suggesting limited single-digit upside ahead for the stock by Jefferies. The foreign brokerage sees the stock at Rs 900 in its worst-case scenario and at Rs 2,300 in the most bullish outcome.

Is it good to buy Nykaa shares?

NEW DELHI: Domestic brokerage JM Financial has reiterated its ‘buy’ rating on FSN E-Commerce Ventures (Nykaa) with a March 2023 price target of Rs 2,120, suggesting a 60 per cent potential upside. JM Financial said Nykaa remains a differentiated player with a rapidly growing and loyal consumer base.

How can I invest in Nykaa?

Step 1: Login to the mobile app and select the IPO option under the console. Step 2: Select the IPO you want to invest in. Step 4: Select investor type for your application and enter the lot size announced by the company. Step 5: Tick on the cut-off price for more chances of allotment of shares.

Is Nykaa share good for long-term?

Furthermore, Nykaa’s revenue has still grown 36% year-on-year. For the beauty and personal care segment – the bulk of its business – gross merchandise value increased 32% from a year ago. A lower price will give long-term investors a compelling entry-point, according to investment bank Morgan Stanley.

Is Nykaa in profit?

Indian beauty products retailer Nykaa’s consolidated net profit nearly halved in the fourth quarter of March 2022 (Q4FY22) period. The firm’s net profit to shareholders stood at ₹8.56 crore in Q4FY22 down by 49.2% from ₹16.88 crore in the same quarter last year.

Which share gives highest return?

Highest returns in 5 year

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1.	SEL Mfg. Co	984.80
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Which share buy under 50 RS today?

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1.	Prismx Global	4.39
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Which share will grow in future?

growth stocks for future

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1.	EKI Energy
2.	Elpro Internatio	9.43
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Why is Nykaa shares falling?

Since February 9, 2022, in the past seven trading sessions, the market price of Nykaa dipped 27 per cent after the company reported a disappointing set of numbers, with a 58 per cent year-on-year (YoY) decline in its December quarter (Q3FY22) profit after tax (PAT) at Rs 29 crore, hit by a jump in expenses and subdued …

Who is owner of Nykaa?

Image of Who is owner of Nykaa?

Will Nykaa go up?

FSN E-Commerce Ventures, which controls Nykaa, reported a 58 per cent drop in December quarter results, but initial reviews by brokerages suggest the stock is likely to see an upside of up to 34 per cent. Foreign brokerage Goldman Sachs has a target of Rs 2,420 on the stock, while Morgan Stanley sees it at 2,040.

What is future of Nykaa share?

Nykaa stock coverage has been initiated by Jefferies with a target price of Rs 1,650 per share, an upside of 10% from today’s lows. However, a bullish scenario could see the stock rally to Rs 2,300 apiece. Written by Kshitij Bhargava. March 21, 2022 10:40:23 am.

Is Nykaa a loss making company?

During the fiscal year 2019, Nykaa was estimated to report a loss of approximately 4.3 million U.S. dollars. Nykaa is an online multi-brand beauty and personal care products retailer….

Characteristic	Profit/loss in million U.S. dollars
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Is Nykaa an Indian company?

Nykaa is an Indian e-commerce company, founded by Falguni Nayar in 2012 and headquartered in Mumbai. It sells beauty, wellness and fashion products across websites, mobile apps and 100+ offline stores. In 2020, it became the first Indian unicorn startup headed by a woman.

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