![Nykaa shares surge 11% in five sessions; here’s why](https://images.assettype.com/fortuneindia%2F2022-02%2F86b3bfc3-850f-4ae8-aaa2-4396b5167d8c%2FFalguni_Nayar_IMG_2708_copy.jpg?w=300&q=95)
Nykaa shares surge 11% in five sessions; here’s why
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 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.
On a sequential basis, Nykaa’s profit grew by 3.6%, while revenue rose 7%; stock jumped 25% in two sessions on earnings optimism