Parent Stock Of Nykaa Jumps 8% After Large Block Deals

The shares of FSN E-Commerce Ventures Ltd., the owner of Nykaa, rose more than 8% on Wednesday after block deals totalling 5.54 million shares worth Rs 75.5 crore. However, the identity of the buyers and sellers is currently unknown.

This follows another bulk transaction on March 17, 2023, in which 6.57 million shares or 0.23 per cent equity worth Rs 93.2 crore were sold at Rs 141.90/share.

The share of Nykaa is currently trading at Rs 136.35/share, up 7.53%. Its 52 week high is Rs 315.44/share and 52 week low is Rs 120.70/share, respectively. It has given 8.05% positive return in the 1 week, however, it gave 8.58% negative return in 1 month. In the past 1 year, it gave 54.31% negative return.

Nykaa is a beauty, wellness, and fashion lifestyle retailer. Falguni Nayar founded it in 2012, and it transitioned from an online-only to an omnichannel model in 2015.