What will be the share price of Nykaa?
Nykaa – FSN E-Commerce Ventures Ltd. share price is ₹1,355.95 as of 24 Jun ’22.
Nykaa currently has a 28.6 percent market share in the Indian online beauty and personal care market, as per ICICI Securities estimates.
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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 Nykaa a good buy now?
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 buy Nykaa stock?
You can apply for the Nykaa IPO using any supported UPI app by following two steps:
- Enter your bid on Console.
- Accept UPI mandate on your phone.
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?
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.
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Why is Nykaa stock 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 …
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….
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