The biggest shareholders in One97 Communications Ltd., Paytm's parent company, are Alibaba Group Holding Ltd. and its fintech affiliate Ant Group Co., as well as Japan's SoftBank Group Corp
FSN E-Commerce Ventures (Nykaa) issued a 5:1 bonus issue around the time the one-year lock-up for its pre-initial public offering (IPO) investors ended
Further gains in margins and growth acceleration in the fashion section are potential triggers
Shares of new-age tech companies like Nykaa, Paytm and Zomato have fallen up to 68% from their listing prices. As they struggle with profitability, should investors keep these stocks on radar?
Aberdeen Standard Asia Focus Plc (4.27 million), and Norges Bank on account of Government T Petroleum Fund (3.98 million) bought a combined 8.25 million shares via block deals on Thursday
Lighthouse India Fund and two individual investors Mala Gaonkar and Narotam Sekhsaria sold shares worth nearly Rs 500 in Nykaa
Till 10:02 am; a combined 57.35 million equity shares had changed hands on the NSE and BSE
Selling pressure from pre-IPO investors feared in four start-ups this month
The board of the company has fixed Friday, November 11, 2022 as the 'Record Date' for the purpose of determining the members eligible for bonus equity shares
Lock-ups end in November for four consumer-focused tech stocks, which have all slumped in the past month
Consensus target price for these stocks well above current market price
Nykaa has already expanded to 15 cities, not states. Ergo fulfilment costs are already down. Distance from warehouse to customer has therefore, shrunk
Revenue for the quarter was up 39% YoY to Rs 1,230.8 crore
Nykaa's gross merchandise value, or the monetary value of orders across its platforms, jumped 45% to 23.46 billion rupees
The Indian cosmetic-to-fashion retailer's total income, meanwhile, climbed 38 per cent YoY to Rs 1,237.3 crore in Q2FY23 from Rs 890.4 crore in Q2FY22
The company had posted a net profit of Rs 1.17 crore in the same period a year ago
Stocks to Watch today: Reliance Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has acquired an additional stake in skyTran Inc for Rs 123.4 crore
The sharp selloff in Nykaa has come ahead of the end of one-year post IPO lock-in period, which ends next month.
Selling pressure is seen whenever the lock-in period meant for IPO anchor investors ends, particularly in companies backed by private equity investors
With the recent fall, the market price of Nykaa has tanked 56 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021