The S&P BSE IPO index slipped 3.4% in intra-day trade, and has corrected 23% from its record high level
With the past one week's decline, the stock price of Nykaa has slumped 40 per cent from its record high of Rs 2,574 touched on November 26, 2021.
Nykaa slips 7.5% on 59% drop in Q3 net profit; Mahindra Lifespaces rallies 20% on plan to buy M&M land; Solara Active Pharma tanks 20% on weak Q3 results; Govt likely weighing 5% stake sale in LIC IPO
In a Q&A, the CEO of the firm's beauty e-commerce segment dwells on the factors leading to a drop in profit, goal for its fast-growing fashion segment and physical retail foray
Brokerages have ratings ranging from "Overweight" to "Buy", with one brokerage having a "Reduce" call. The highest target price of Rs 2,420 translates in an upside potential of up to 41 per cent
FSN E-Commerce Ventures Ltd, which runs an online marketplace for beauty Nykaa, expects strong momentum in the business as the impact of pandemic recedes and the situation becomes normal
On Wednesday, the firm reported about a 57 per cent decline in consolidated profit after tax (PAT) to Rs 29 crore in the third quarter ended December 31, 2021
Repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent
ABB, Amara Raja, Bharat Forge, Cummins, Hero MotoCorp, Hindalco, Hindustan Motors, HP Adhesives, IRB Infra, M&M, Novartis, Sun Tv, Tata Chemicals and Zomato of announce results on Thursday.
The company's consolidated gross merchandise value grew 26 per cent sequentially and 49 per cent on a YoY basis to Rs 2,044 crore in Q3 of FY22
Revenue from operations rose 36% to Rs 1,098 crore
Stock market LIVE: Sectorally, Nifty Auto index was the top performer now, up 1.5 per cent, followed by Nifty Private Bank, and IT indices. PSU index was the sole loser, down 0.8 per cent.
Infrastructure has investment opportunities estimated worth more than Rs 50 trillion, says industry leader
Fear of withdrawal of easy money and lack of profits will likely weigh on these counters in the near-term
Broader markets worst hit, BSE SmallCap index slips over 4%; BSE IPO index plunges 7% as Zomato, Nykaa tank up to 20%
Latent View Analytics, Go Fashion, Chemplast Sanmar, Macrotech Developers (Lodha), CMS Info Systems, Sona BLW Precision Forgings and Devyani International slipped between 8% and 10%.
The stock price of Nykaa has declined 30% from its record high of Rs 2,574 touched on November 26, 2021.
It's profit-taking, say fund managers; increase holding in Paytm in December
Zomato, Nykaa, Adani Enterprises, Dabur among 20 firms to join the list
On the last day of 2021, take a look at the newsmakers of the year - Falguni Nayar, Adar Poonawalla, Rakesh Jhunjhunwala and Tata Group have been the torchbearers of hope in an otherwise grim year