seach-icon
  • user-img

    Vikshita Vitthal Gujaran in News

    12-Nov-2022 05:53 AM


    thumbnail

    Nykaa Wins Back Investor Confidence Driving Its Shares To Surge Over 10%

    New-age stock Nykaa surged over 10% despite the lock-in expiry New-age stock Nykaa surged over 10 per cent in the morning deals today, beating market expectations that the stock will come under intense selling pressure.
    But the lock-in expiry will not impact these startups' business fundamentals.
    The lifting of curbs on Thursday sparked speculation that the stock will come under pressure, with pre-IPO investors looking for an exit.
    Investor sentiment got a boost as easing inflation numbers in the US have raised hopes that an end to Fed Reserve's rate hike is in sight.
    Investors have cast doubts over the profitability of the valuation of these tech startups.

    Source - NDTV

    #nykaa #invest