FSN E-Commerce Ventures (Nykaa): Should You Hold the Stock after blockbuster listing?| Share Updates

Investing in Nykaa Shares - FSN E-Commerce Ventures, the company which owns Brand Nykaa made a stellar debut on the bourses on Wednesday.

As against its issue price of Rs. 1,125, the stock listed on BSE at Rs. 2,001 (up 77.87%) and ended Wednesday’s session at Rs. 2,208.35. While these returns might entice you to book some of the profits, analysts recommend holding some shares over a longer time period.

Here’s why:
✔️ It is one of the few leading listed new-age companies
✔️ Company is well placed to tap the high growth digital/online penetration in the beauty
products/fashion market
✔️ Has a strong financial profile
✔️ Future prospects appear robust


#nykashareupdates #nykastocks #investingstrategies

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