Nykaa Shares Rally 3% As Brokerages Retain Bullishness After Q3 Results

JM Financial retained its ‘BUY’ call on the stock with a target price (TP) of INR 240, citing the company’s ability to deliver robust growth in a tepid demand environment

Although Shein may intensify competition in the western-wear segment, on a broader level, Nykaa has a competitive advantage in the category, said the brokerage

Brokerage firm Bernstein maintained its ‘market-perform’ rating on the stock with a TP of INR 160, which implies a potential downside of 6% from the previous close

Shares of Nykaa…