India's Nykaa up on Q4 profit surge

Fsn E-Commerce Ventures

23/05/2024 04:56

** Shares of FSN E-Commerce Ventures  FSNE.NS  rise as much
as 4.6% in early trade, trims some gains to last trade 2.1%
higher to 182.95 rupees
    ** Nykaa parent's Q4 profit surged three-fold Y/Y
    ** Stock on track to post a gain in six out of the last
seven consecutive sessions
    ** Jefferies says co's margin should improve including in
FY25 mainly led by fashion and co's business-to-business shop
Superstore
    ** Analysts' avg rating is "buy", median PT is 185 rupees -
LSEG data
    ** FSNE up 5.2% YTD

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))