However, there is a significant variance in valuations, ranging from Rs 1,300 to Rs 1,730
Nykaa Superstore logs in 45,000 transacting retailers from over 500 cities
Move follows addition to the FTSE index; adjustment to take place on Friday
The cosmetics-to-fashion platform, headed by Falguni Nayar, has said its marketing expenses in 2020 came in exceptionally low as it did not spend as much on advertising due to the pandemic
Stocks to Watch today: JSW Steel, FSN E-Commerce Ventures (Nykaa), Jubilant Pharma, GAIL, Glenmark Pharma, Godrej Industries, PB Fintech (Policy Bazaar) will be in focus ahead of their Q4 results.
Falguni Nayar, an investment banker-turned-entrepreneur, said she had no idea about retail or technology when she decided to take the entrepreneurial plunge in 2012
Market boom, success of global start-ups key drivers
Also picks up stakes in Nudge Wellness and Kica
Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday
She will represent India at the EY World Entrepreneur of the Year Award on June 9.
54 companies plan to raise Rs 1.4 trillion in FY23 after 52 Indian corporates raised an all-time high Rs 1.11 trillion through initial public offers (IPOs) in FY22, Prime Database report said
Nykaa CEO at a FICCI event said that the founders of her company approached several investors but were rejected because of the absence of women in key positions in venture capitalist firms
RIL chief sees 24% spike in wealth to $103 bn; Gautam Adani takes second spot
The three resolutions pertaining to ESOPs put to vote by the digital payments firm got over two-third 'against' votes from institutional investors
Tech start-ups do not reveal important numbers to back their narratives of consumer flywheels and unrelenting growth
Nifty Next 50 index is a gauge for the performance of top 50 stocks other than those part of the benchmark Nifty 50 index. Stocks in both indices make up the Nifty 100 index
FSN E-Commerce Ventures Ltd, which runs Nykaa, had posted about 57 per cent decline in consolidated profit after tax to Rs 29 crore in the third quarter
The stock hit a new low of Rs 1,218.80, down 8 per cent in the intra-day trade
Despite the likelihood of an aggressive rate hike by the US Federal Reserve (US Fed), a correction in equity markets, analysts expect the primary market action to stay on track, albeit a minor hiccup
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.