India's Nykaa rises on strong Q3 outlook

Fsn E-Commerce Ventures

06/01/2025 04:24

** FSN E-Commerce Ventures  FSNE.NS  rises as much as 5.2%
to 176.60 rupees
    ** Beauty products retailer Nykaa's parent sees Q3 consol
net rev growth higher than mid-twenties vs Q3 FY24's 22.3%
growth
    ** Elara Capital said Q3 will be a seasonally strong quarter
for FSNE, boosted by the wedding season
    ** Stock set for sixth consecutive session of gains
    ** More than 5 mln shares traded, 0.6x the 30-day avg
    ** Stock rated "hold" on avg; median PT is 200 rupees - LSEG
    ** FSNE fell 5.9% in 2024

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