Nykaa hits new all-time low, slumps 9%; down 34% in a month

Since February 9, 2022, in the past seven trading sessions, the stock has dipped 27 per cent after the company reported a disappointing set of numbers.

Shares of FSN e-Commerce Ventures, the parent company of beauty e-tailer Nykaa, continued to remain under selling pressure, hitting a new low of Rs 1,371.35, on slipping 9 per cent on the BSE in Thursday’s intra-day trade.

At 11:01 am; the stock traded 6 per cent lower at Rs 1,416, as compared to a 0.11 per cent rise in the S&P BSE Sensex. The trading volume at the counter nearly doubled with a combined 2.8 million equity shares changing hands on the NSE and BSE.

The stock of the cosmetics-to-fashion retailer tanked 34 per cent in the past