Shares of FSN E-Commerce Ventures (Nykaa) continued to reel under pressure and hit a new low at Rs 975.50 on the BSE in Friday’s intra-day trade in an otherwise firm market. The stock of the online fashion retailer quoted lower for the third straight day, falling up to 15 per cent during the period. In comparison, the S&P BSE Sensex was up 0.32 per cent at 59,948 at 09:54 AM today.
The stock of Nykaa hit the lowest level since its listing in November last year and has fallen 24 per cent in the past one month. In comparison, the S&P BSE Sensex has rallied 6 per cent in the same period.
With the recent fall, the market