Shares of Falguni Nayar-led online beauty retailer Nykaa hit their all-time low today amid a rally in the broader market. The stock listed as FSN E-Commerce Ventures touched a record low of Rs 1,061.55 , down 4.42 per cent on BSE. The stock has been losing for the last two days. Nykaa stock is trading lower than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The scrip has lost 49.5 per cent in 2022 and fallen 8.73 per cent in a week.
Nykaa shares gained 5.41 percent intraday to Rs 1425 on BSE today. Earlier, the stock opened lower at Rs 1337 against the previous close of Rs 1351.80.
Shares of Zomato, Paytm parent One 97 Communications Ltd and Nykaa owner FSN E-Commerce Venture have fallen to their lowest levels since listing. Except for Paytm, both Zomato and Nykaa stocks registered massive gains despite posting weak quarterly numbers after strong listings. Paytm made a tepid debut at the exchanges and has plunged more than 58 per cent from its issue price of Rs 2,150.
Nykaa IPO: On Friday, retail individual investors showed huge interest as the portion reserved for them was subscribed 6.32 times - the highest among the three groups of investors.