India's FSN E-Commerce hits near 1-yr high

Fsn E-Commerce Ventures

20/11/2023 07:28

** Shares of FSN E-Commerce Ventures  FSNE.NS , rise as much
as 5.6% to 177 rupees, hitting highest level since Dec. 5, 2022
    ** FSNE, parent of cosmetics-to-fashion retailer Nykaa had
reported rise in Q2 profit and revenue on Nov. 6  urn:newsml:reuters.com:*:nL4N3C60AY
    ** Stock has since gained 13.8% till last close
    ** More than 27.6 mln shares change hands by 12:48 p.m. IST,
5.1x of 30-day avg
    ** Avg rating of 22 analysts close to equivalent of "buy",
median PT is 170 rupees - LSEG data
    ** Stock last up 2.6%, bumping YTD gains to 11.1%




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))