Should I buy Nykaa shares?
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.
Nykaa’s Q3FY22 gross margin improved 360 basis points QoQ to 46.3 per cent and Ebitda margin by 280 basis points QoQ to 6.3 per cent driven by higher mix of fashion, higher mix of higher-end products in BPC and increasing share of owned brands. This was in fact Nykaa’s highest gross margin ever.
Nykaa – FSN E-Commerce Ventures Ltd. share price is ₹1,355.95 as of 24 Jun ’22.
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 …
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 making 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.
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Who is owner of Nykaa?
What is happening with Nykaa?
Nykaa reports 49% fall in Q4 net profit at Rs 8.56 crore FSN E-Commerce Ventures Ltd, Nykaa’s parent company, has reported steep declines in profits in all three quarters since it went public, owing to its efforts to double down on marketing the brand as it emerges from the pandemic.
Which IPO is best?
Find the best IPO shares of 2022 based on their performance calculated with IPO offer price and current market price….Top 10 IPO in India 2022 (By Performance)
| Company Name | Adani Wilmar Limited |
|---|---|
| Issue Price (Rs) | 230 |
| Current Price at BSE (Rs) | 598.20 |
| Current Price at NSE (Rs) | 715.95 |
| Gain (%) | 160.09 |
How can I invest in Nykaa stocks?
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 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 |
|---|---|
| – | – |
low price shares
| S.No. | Name | B.V. Rs. |
|---|---|---|
| 1. | Elixir Capital | 64.17 |
| 2. | Indian Metals | 317.93 |
| 3. | Deepak Spinners | 273.99 |
| 4. | Manaksia | 162.08 |
As on 24th Jun 2022 JPPOWER Share Price closed @ 6.55 and we RECOMMEND Buy for LONG-TERM with Stoploss of 6.17 & Sell for SHORT-TERM with Stoploss of 7.11 we also expect STOCK to react on Following IMPORTANT LEVELS.
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 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.
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.
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