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Most analysts positive on Nykaa as firm takes rollercoaster ride after IPO

However, there is a significant variance in valuations, ranging from Rs 1,300 to Rs 1,730

Nykaa
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The online beauty and personal care (BPC) company is unusual among new-age businesses in that it was profitable before listing.

Devangshu Datta
FSN E-Commerce Ventures, the parent of Nykaa, has had a roller-coaster ride since listing last November. The initial public offering (IPO) was priced at Rs 1,125 apiece, and the stock listed at a 96 per cent premium, closing the first day at Rs 2,205 apiece. It subsequently hit a high of Rs 2,573 in late November, but has seen steady selling since, hitting a low of Rs 1,208 in May.

The online beauty and personal care (BPC) company is unusual among new-age businesses in that it was profitable before listing.

After the recent analyst meeting there have been a string

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First Published: Jun 24 2022 | 10:27 PM IST

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