The stock was trading at its highest level since October 3, 2022, and recorded its sharpest intraday rally since November 11, 2022, when it soared nearly 20 per cent.
Nykaa settled 9.4 per cent higher at ₹210.75, compared to a 0.13 per cent gainer in the BSE Sensex. The average trading volumes at the counter jumped over tenfold, with a combined 112.19 million equity shares - representing 3.8 per cent of Nykaa's total equity changing hands on the National Stock Exchange and BSE.
The stock had previously hit a record high of ₹429 on November 26, 2021.
FSN E-Commerce Ventures is involved in the manufacturing, selling, and distribution of BPC, wellness, fitness, health care, skin care, and hair care products. These products are sold through various channels, including online platforms such as e-commerce and mobile commerce, as well as offline stores and stalls.
This story is from the August 22, 2024 edition of Business Standard.
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This story is from the August 22, 2024 edition of Business Standard.
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