What is FSN Nykaa?
What is FSN Nykaa?
FSN ECommerce Ventures Limited IPO (Nykaa IPO) Incorporated in 2012, Nykaa is a consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including their own brand products manufactured by them.
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8.10 (0.57%) 24 Jun 2022 EOD. 52 week Low1208.40. 52 week High2574.00. Face Value1.
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Is FSN E-Commerce Nykaa?
FSN E-Commerce Ventures is the parent company of Nykaa, which is involved in the business of selling beauty, wellness, personal care, and fashion products. The company sells its products and third-party products in its online and retail stores.
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.
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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 good for long-term?
“We view FSN (Nykaa) as a consumer business with a technology edge. The recent stock correction gives a compelling entry point for long-term investors to play the theme of evolution in India’s beauty market,” Morgan Stanley said in a note. Nykaa’s share price is down 20% year-to-date.
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.
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Is Nykaa making profit?
E-commerce company Nykaa saw its profit in the December quarter (Q3) drop 59 per cent to Rs 28 crore compared to the year-ago period even as revenue rose 36 per cent to Rs 1,098 crore.
When did Nykaa IPO start?
Nykaa IPO (Initial Public Offering) is all set to hit Dalal street. The public issue will list on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Wednesday, November 10. The offer went live on October 28 and concluded on November 11. The Rs 5,352 crore-IPO had a price band of Rs 1,085-1,125 a share.
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 …