Nykaa shares surge 3% as strong outlook and growth strategy excites analysts

Shares of Nykaa, run by FSN E-Commerce Ventures, rose as much as 3 percent on Friday as the company’s strong outlook and growth strategy excited analysts.At 9:24 am, shares of the beauty product retailer were trading 1.1 percent higher at Rs 1,443.95 on the BSE. The stock made its market debut in November last year.Also Read | Here’s why Nykaa’s products are a hit but its stock is notJefferies is bullish on the firm as it believes the growth outlook is strong across verticals. It also noted that the company is focused on growth alongside financial discipline.

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