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
The retailer is already in advanced stage talks to take over Sephora India rights from Arvind Fashions, which also gives it access into the premium beauty and personal care space offline
With this recent fall, the market price of Nykaa has tanked 53 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021
CLOSING BELL: The three-day IPO of Electronics Mart India was subscribed 62 times till 3:30 PM
Stocks to Watch Today: Shares of Titan are likely to be in focus after the company reported 18 per cent sales growth for the September quarter; Dabur may see a downtick owing to earnings warning.