Shares of Nykaa touched an intraday high at INR 202 on the BSE. The stock ended the session 9.3% higher from the previous close
Nykaa shares have been on an uptrend since the beginning of June this year
The startup expects to post a strong revenue growth of around 22-23% year-on-year in Q1 FY25, with gross merchandise value rising in the mid-twenties percentage range
Shares of fashion and beauty ecommerce major Nykaa
The stock shed some of the gains by the end of the trading session and ended the day 9.3% higher at INR 200. Nykaa shares had last closed at this level in mid-November of 2022, the year it made the stock market debut (adjusted for stock split).
The stock witnessed a significant rise in volume during today’s session, with 6 Cr shares traded cumulatively on the BSE and the NSE.
After seeing some corrections and trading sideways for a while,…