Nykaa truly looks gorgeous today! The stock price soared over 5.5% to an intraday high at Rs.1350, seeing an over 2.5x surge in volumes. Its 52-week high is at Rs.2574.
The stock soared after it announced that its Board is meeting on the 3rd of Oct to consider and approve the issuance of bonus shares to shareholders.
The company had ended Q1FY23 with a 42% (YoY) jump in consolidated net profit at Rs.5 crore.
The stock had made a fantastic debut, listing at almost an 80% premium to the IPO price of Rs.1125.