The present scenario of new-age stocks reveals a pullback (rebound) in their stock prices, show technical charts
The company said gross margin declined due to change in BPC category mix, higher brand funded discount during festive season, consumer downgrades.
Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, Eicher Motors, among others will report the October-December (Q3FY23) quarter results
Beauty and fashion firm FSN E-Commerce Ventures, which operates under the Nykaa brand, posted a 70.75 per cent drop in consolidated profit to Rs 8.48 crore for the third quarter ended December, mainly on account of investment in retail stores. The company had reported a net profit of Rs 29 crore in the same period a year ago. The revenue from operations, however, increased by about 33 per cent to Rs 1,462.82 crore from Rs 1,098.3 crore in the December 2021 quarter. Nykaa's Executive Chairperson, MD, and CEO Falguni Nayar said the company is focussing on improving EBITDA (operational profit) margin. "Beyond EBITDA we call it investment that we are making for the future. One of the big costs is lease and rental. We are investing and rolling out physical stores. That is being taken by us as an operational cost. We are also looking to acquire 7 million (70 lakh) new customers. All that is being funded by operational cost," Nayar said. The company scaled up its SuperStore to 92,415 ...
CLOSING BELL: The NSE Nifty 50 ended 86 points lower; Broader indices log deeper cuts. Adani Group shares fall again.
Stocks to watch today: SAIL, Nykaa, Power Finance Corporation, Gujarat Gas, Castrol India, Campus Activewear will report the October-December quarter (Q3FY23) results
In the past one year, these stocks have underperformed the market by falling between 31 per cent and 53 per cent, as against 5 per cent rise in the Sensex
From listing price of Rs 2,018, shares of the BPC sector firm now trade at Rs 134
Market players said the selling could be because of fears around further sell-downs by existing investors
Festivities in Q3FY23 did bring some cheer to internet companies but the mood remains relatively sombre with inflationary macroeconomic environment denting demand uptick, according to analysts
However, Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the company
Till 01:53 PM, about 30.5 million shares, representing 4.7 per cent of the total equity of Paytm, had changed hands on the NSE
Funds managed by Franklin Templeton bought at least 3.3 million shares of e-commerce logistics provider Delhivery Ltd. and more than 2 million shares of PB Fintech Ltd
The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance
Adani Wilmar, Venus Pipes & Tubes, Hariom Pipe Industries and Veranda Learning Solutions are the top multi-bagger debutants that delivered 109-135 per cent returns in 2022
In past two trading days, the stock price of Nykaa has declined 5 per cent after Kravis Investment Partners II offloaded 36.7 million shares of the company at a price of Rs 171 apiece.
Nykaa and Paytm are among a flurry of hot startups that came to the Indian market with much fanfare
Paytm, Policybazaar, Zomato, and Nykaa have been the worst hit, falling between 50.5 per cent and 60 per cent thus far in 2022
New-age stocks had a nightmarish 2022. Paytm's shares crashed over 70% from their issue price. Nykaa tumbled nearly 85%. Analysts feel 2023 may bring more pain for some of these stocks
BharatPe has filed a case against Ashneer Grover's wife, Madhuri Jain, under Section 420 for a fraud of Rs 88 crore