Nykaa shares jump 5% as 4 crore shares change hands via block deal
Harindarpal Singh and associates, a pre-IPO investor, was looking to offload 1.4% stake worth ₹809 crore in Nykaa through block deal.
Harindarpal Singh and associates, a pre-IPO investor, was looking to offload 1.4% stake worth ₹809 crore in Nykaa through block deal.
Nykaa says its retail business now contributes to over 9% of overall beauty and personal care GMV
The share price of Nykaa’s parent, FSN E-Commerce Ventures, gained 4.9% intraday to hit a high of ₹154.65 on the BSE, driven by strong Q2 numbers.
The consolidated net profit attributable to equity shareholders of parent fell 27% to ₹3.3 crore as compared to ₹4.55 crore in the same period a year ago.
The profit before tax and revenue from operations of the fashion e-retailer rose 48% and 34% YoY, respectively.
For FY23, the fashion e-retailer expects its percentage revenue growth rates to be in line with the ones seen in 9M FY23, early-thirties.
During the session on Tuesday, the company’s market capitalisation stood at ₹40,503 crore with 7,76,867 shares exchanging hands on the BSE against the two-week average of 7.62 lakh shares.
Nykaa share price declined 5.5% to hit a fresh all-time low of ₹132.55 in intraday trade on the BSE.
The largecap stock witnessed sharp selling today as investors were waiting for the listing of bonus shares after the lock-in period ended on November 10.
Market capitalisation of Nykaa falls below ₹50,000 crore.