Nykaa shares reach 52-week high on strong Q1 growth outlook
after close1 source ↓written by the desknot a recommendation
- to a new
- 3%
- after the company
- 52-week high of ₹319.95
- in consolidated revenue
- 30% YoY growth
- later traded
- ₹312.25
- increase amid profit
- 0.79%
Shares of Nykaa surged over 3% to a new 52-week high of ₹319.95 after the company projected 30% YoY growth in consolidated revenue for Q1 FY27. The stock later traded at ₹312.25, reflecting a 0.79% increase amid profit booking. The positive outlook is driven by a recovery in its fashion business and growth in the beauty vertical.
Not investment advice. For informational purposes only.