India's Nykaa drops on block deal

Fsn E-Commerce Ventures

06/03/2024 09:26

** Shares of FSN E-Commerce  FSNE.NS  fall 2.7% to 155.6
rupees
    ** More than 1.4 mln shares changed hands in a block deal
priced 156.5 rupees apiece- LSEG
    ** Shares exchanged at over 2% discount to Tuesday's close
    ** Twenty-one analysts covering the stock on avg have a
"buy" rating; median PT is 183.5 rupees - LSEG data
    ** FSNE trading below its 50-day simple moving average (SMA)
since Jan. 23 and 100-day SMA since March 4
    ** More than 5.1 mln shares change hands, 0.8x the 30-day
avg
    ** Stock fell ~4% in Feb., marking three consecutive monthly
falls


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))