Nykaa jumps 5% on robust Q3 results: Should you buy, hold, or sell?
Wed, Feb 7, 2024 2:14 PM

Nykaa jumps 5% on robust Q3 results: Should you buy, hold, or sell?

A Flip by Avya Verma
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Shares of FSN E-Commerce Ventures, which operates Nykaa, gained 5 percent at the open on February 7 after the company reported stellar earnings for the quarter ended December 2023. Its net profit surged 106 percent on-year to Rs 17.5 crore, driven by strong demand during the festival and wedding seasons, while its revenue was up 22 percent to Rs 1,788.8 crore.

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