FSN E-Commerce Ventures, the parent of Indian beauty retailer Nykaa, saw its shares surge another 6.2% in Friday’s trade on February 6, hitting a 1-year high of ₹274.45 apiece. This extended the stock’s winning run to a fourth straight session, as brokerages stayed bullish on the stock following the company’s better-than-expected performance in the December-ending…
Nykaa’s parent FSN E-Commerce Ventures Ltd saw its third-quarter consolidated net profit jump, driven by an increase in gross sales and margins. Profit rose 157% year-on-year to ₹68 crore in the October–December quarter results, according to its consolidated financial statements filed on Thursday. The company reported a 27% rise in consolidated revenue from core operations…
Stock market today: The Indian stock market is likely to open on a flat note on Thursday, tracking weak cues from global markets. Asian markets traded mixed on Thursday, while US stocks closed mostly lower overnight amid continued selling pressure in technology shares. On Wednesday, the Indian stock market closed marginally higher, amid mixed cues…
