India's Nykaa parent soars after block deals at premium

Fsn E-Commerce Ventures

21/08/2024 08:23

** Shares of FSN E-Commerce Ventures Ltd  FSNE.NS  up 13.6%
at 218.90 rupees, set for best day since late October 2022
    ** Parent of beauty products e-tailer Nykaa rose as much as
18.5% earlier in session
    ** Around 2.4 mln shares traded in 6 separate block deals
ranging between 205.39 rupees per shr and 227.33 rupees per shr
- NSE data
    ** All block deals at a premium to FSNE's previous close of
192.62 rupees
    ** Overall, 66.2 mln shares traded, 6.6x 30-day avg volume
    ** Analysts rate FSNE "buy" on avg, in-line with internet
peer Zomato  ZOMT.NS  - LSEG
    ** Stock extends YTD gains to 24%


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))