Nykaa shares plunge 2% after Macquarie sees 23% downside in stock2 min read . Updated: 06 Mar 2023, 01:27 PM IST
- Brokerage firm Macquarie kept a target price of ₹115 per share, signalling a downside of 22 per cent from Nykaa's current market price of ₹147.8 apiece
Shares of FSN E-Commerce Ventures Ltd, the parent of cosmetics-to-fashion retailer Nykaa, fell as much as 2 per cent on Monday after brokerage house Macquarie initiated coverage on the stock with an 'underperform' rating.
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