Nykaa Shares Continue To Recover After Dismal Past Few Weeks
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Nykaa share price surged close to 9% on Wednesday to touch an intraday high of ₹138.85 as the stock continued it’s gaining streak that started this week.

What Happened: Shares of the fashion and beauty retailer have jumped over 11% this week as the stock seems to be recovering from the dismal past few weeks. However, it isn’t immediately clear what’s driving the current surge but the stock saw block deals worth ₹75 crore being executed.

See Also: Paytm Shares Continue Winning Streak As Payments And Loan Business' Q4 Growth Impresses Investors

The surge this week comes as the stock has been reeling at the bourses for quite some time now. Before the surge this week, the stock was on a nine-day losing streak. The company’s stock took a hit last month as five members of its top management including Chief Commercial Operations Officer Manoj Gandhi, Chief Business Officer of fashion division Gopal Asthana, and Chief Executive Officer of wholesale business Vikas Gupta left the company.

Price Action: Nykaa share price was up 8.25% to trade at ₹137.05 in the late hours of trading on Wednesday.

Read Next: Zomato Shares Pick Up As Blinkit Plans To Launch Urban Company Rival

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
MoversTrading IdeasFSN E-Commerce VenturesNykaa