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[hfe_template id='11223'] [ad_1] Shares of FSN E-Commerce Ventures, the parent company of Nykaa, climbed as much as 3.2% on Wednesday to Rs 203.8 on the BSE after global index provider MSCI added the stock to its MSCI Global Standard Index in its latest semi-annual review. The inclusion is expected to trigger passive inflows of around $199 million, according to estimates from Nuvama Alternative & Quantitative Research. The changes announced by MSCI were published early on Wednesday and will come into effect as of the close of May 30, 2025. In its statement, MSCI said no deletions will take place from the Global Standard Index in this review cycle. Nykaa was one of two Indian stocks added to the Global Standard Index, alongside Coromandel International, which is expected to see inflows of approximately $252 million, according to Nuvama. Domestic index reshuffle Along with the Global Standard Index changes, MSCI also adjusted its MSCI India Domestic Index. Coromandel I...

[hfe_template id='11223'] [ad_1] Nykaa shares surged 3% to their day's high of Rs 174.60 on the BSE on Tuesday after the omnichannel fashion and beauty retailer reported a 61% year-on-year (YoY) increase in consolidated net profit to Rs 26.12 crore, falling short of the Street estimate of Rs 36 crore. Meanwhile, revenue was in line with expectations, rising 27% YoY to Rs 2,267 crore. The company reported an EBITDA of Rs 141 crore for the October-December 2024 quarter, with margins for the same period standing at 6.2%. Both metrics were in line with expectations. On a sequential basis, profit after tax (PAT) more than doubled from Rs 10 crore reported in the preceding September quarter. Also Read: Stocks to buy: Patanjali Foods, Nykaa and Delhivery on investors' radar However, revenues improved by 21% quarter-on-quarter (QoQ). Other income for the reporting third quarter fell to Rs 5.53 crore, compared to Rs 7.58 crore in the same quarter of the previous year. In ...

[hfe_template id='11223'] [ad_1] The shares of FSN E-Commerce Ventures, the parent company of the beauty brand Nykaa, have recently seen a sharp rally as the stock surged 20% in one month, of which 11% surge took place in just the last week. Investor enthusiasm was also fueled after the company reported a Rs 13.64 crore profit in the first quarter ended June 2024, displaying a 152% YoY jump. The revenue from operations for the reporting quarter stood at Rs 1,746.11 crore, which was also up by 23% from Rs 1,421.82 crore reported in the corresponding quarter of the previous financial year. “Nykaa has been steadily recovering over the past year and is now gaining significant traction. Recently, it experienced a breakout from a triangle pattern on the weekly chart, surging towards the Rs 230 level,” said Ajit Mishra, SVP, Research at Religare Broking. Mishra suggested that this upward momentum is likely to continue, with potential to reach Rs 250+ levels and advised traders ...

[hfe_template id='11223'] [ad_1] Shares of FSN E-Commerce Ventures, the parent company of Nykaa on Friday, rose 4% to the day’s high of Rs 218.75 on the BSE after investors Harindarpal Singh Banga and his wife, Indra Banga, likely sold a 1.4% stake in the company through a pre-market block deal. Reportedly 4.09 crore shares, or 1.4% of the equity changed hands in the aforementioned block deal. According to the term sheet issued by the bankers, the Bangas plan to sell their stake at a floor price of Rs 198 apiece, which represents a 5.9% discount to Thursday’s closing price of Rs 210. Harindarpal was an early investor in Indian billionaire Falguni Nayar’s fashion giant Nykaa and held a 6.4% stake. He founded The Caravel Group, a global conglomerate primarily engaged in resources trading, maritime services, and asset management. Shares of Nykaa rallied 19% to its new all-time high of Rs 228.50 on BSE on Wednesday, its largest intraday gain for the company since November 20...