Nykaa mcap falls below Rs 1-trn mark; stock down 5%, sheds 18% in a week

The lock-in period for anchor investors gets over on Wednesday, December 8

Shares of FSN E-Commerce Ventures (Nykaa) continued to reel under the selling pressure, falling another 5 per cent in to Rs 2,040.60 on the BSE in Wednesday’s early morning trades amid fears of selling by anchor investors, owing to the end of the lock-in period. The stock of fashion and cosmetics online retailer was trading lower for fifth straight day, falling 18 per cent in one week. In comparison, the S&P BSE Sensex was up 2 per cent during the same period.

A sharp decline in stock price of the company, has resulted in the market capitalisation of Nykaa