Nykaa registers new low, slumps 11% on heavy volume

Shares of FSN E-Commerce Ventures (Nykaa) hit a new low of Rs 1,776.50, down 11 per cent on Monday, falling as much as 13 per cent in past two trading sessions on the BSE. The stock of fashion and cosmetics online retailer has dropped below its previous low of Rs 1,886 touched on December 20, 2021.

With the past two days decline, the stock price of Nykaa has shed 30 per cent from its record high of Rs 2,574 touched on November 26, 2021. The company issued shares at price of Rs 1,125 per share in its initial public