India's Nykaa gains on block deals at premium

Fsn E-Commerce Ventures

23/08/2024 05:01

** Shares of FSN E-Commerce Ventures  FSNE.NS  rise 2.6% to
216 rupees
    ** Nearly 550,000 shares change hands in two block deals at
an average price of 215.3 rupees per share, a 2.3% premium to
Thursday's close of 210.4 rupees, as per LSEG data
    ** Early investor Harindarpal Singh Banga, who held 6.4%
stake in Nykaa as of June 30, is set to sell 1.4% stake in co,
as per report
    ** Nykaa did not immediately respond to Reuters request for
comment
    ** Twenty-one analysts covering the stock on avg have a
"buy" rating; median PT is 204 rupees - LSEG data
    ** Stock up 22% so far this year, eyes its best yearly gain
since listing in 2021


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