News  

Today there was a sudden stormy boom in the shares of Nykaa, yesterday it had reached the bottom by rolling! – FSN E Commerce Nykaa stock Jump around 8 percent today know the new price tutd

Reetfeed
Today there was a sudden stormy boom in the shares of Nykaa, yesterday it had reached the bottom by rolling! - FSN E Commerce Nykaa stock Jump around 8 percent today know the new price tutd

Finally, the trend of decline in the stock of fashion retail company FSN E-Commerce i.e. Nykaa has come to an end on Tuesday. Nykaa shares saw a strong rally on BSE today. The stock of this fashion retail company has climbed up to eight per cent. Last day, this stock fell below its all-time low level of Rs 123 and reached the level of Rs 120. However, later this stock recovered. But today this stock has made an intraday high of Rs.135. Nykaa’s stock was facing a selloff for a long time.

surge today

Nykaa’s stock opened at Rs 125 on Tuesday morning and reached Rs 135. However, today it came down to the level of Rs.123, but while recovering it crossed Rs.130. It had closed at Rs 124.75 on Monday. The trade volume of Nykaa stood at 45,382,329 till Tuesday afternoon. Today’s trade range of this stock was seen between Rs.123.75 to Rs.135.

related news

The decline started after this deal

A big block deal took place some time back in the shares of Fsn E-Commerce Ventures, a company trading under the name of Nykaa. After this, the fall in the stock has accelerated. The company’s pre-IPO investors had sold their stake since the end of the lock-in period on 9 November.

Lighthouse India sold 1.84 crore shares of Nykaa valued at Rs 336 crore. Whereas, Kravis Investment Partners sold 3.60 crore shares for Rs 630 crore and TPG sold 5.43 crore shares for Rs 998 crore. After which the period of decline started.

The company also announced bonus

In October, the company announced a bonus issue for pre-IPO investors just before the end of the lock-in period. The company had given the share in 5 parts. But this bet of the company also did not work.

However, today investors have expressed confidence in this stock, whose effect is visible on the index. Nykaa’s IPO was launched with much fanfare, but since the listing, its shares have dashed investors’ expectations. The 52 week high level of this stock is Rs 331.37.