Nykaa down 24% in one month, bows out of top-100 valued firms' club

The sharp selloff in Nykaa has come ahead of the end of one-year post IPO lock-in period, which ends next month.

nykaa, beauty care, personal care, cosmetics
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Deepak Korgoankar Mumbai
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

First Published: Oct 28 2022 | 10:37 AM IST

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