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.
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.
8.10 (0.57%) 24 Jun 2022 EOD. 52 week Low1208.40. 52 week High2574.00. Face Value1.
Nykaa currently has a 28.6 percent market share in the Indian online beauty and personal care market, as per ICICI Securities estimates.
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.
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 |
|---|---|
| – | – |
Is Nykaa IPO good investment?
It may head towards ₹2100 to ₹2200 levels even after a big opening. Those who were playing for listing gain can keep a stop loss of ₹1950 while aggressive investors are advised to hold this stock for the long term because it is one of the few stocks in new edge companies to own into your portfolio.
Is Nykaa monopoly?
The company’s initial public offering (IPO) will include a fresh issuance of shares worth Rs 525 crore and the sale of 43.1 million shares by existing shareholders. Currently, the company has a monopoly over the beauty and personal care products industry.
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 a part of Nifty 50?
Nykaa, Paytm and Zomato have now been included in the Nifty Next 50 index in the new reshuffle of National Stock Exchange (NSE) indices. The NSE, on February 24, notified the changes in eligibility criteria for the equity indices and announced the replacement of stocks as part of its periodic review.
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.
How can I get IPO of Nykaa?
Here’s how to do it:
- Log in to your bank’s net banking account.
- Go to the investment section and select the IPO option.
- Fill your investment and bank account details to complete the verification process.
- Later select the IPO you want to apply for.
- Enter the number of shares and bid price.
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?
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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.
What price to Buy Nykaa?
Nykaa is unique in terms of its profitable unit economics and remains one of the few profitable new-age companies.
What happened to Nykaa?
The company posted a weak set of numbers for the quarter ended December 2021. FSN E-Commerce Ventures, the parent company of online beauty e-commerce platform Nykaa, reported a 58 per cent year-on-year (YoY) decline in its consolidated net profit for October-December at Rs 29 crore.
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