Nykaa’s shares soar on Q2 results; Should you buy, hold or sell the stock-
The stock price of FSN E-Commerce Ventures, the operator of online beauty and fashion retailer Nykaa soared over 5% to Rs 154.8 a day after the company posted a profit of Rs 7.80 crore during the second quarter of FY24, up 50.3% in comparison to Rs 5.19 crore during the corresponding quarter of last year. It posted revenue from operations at Rs 1507.02 crore, up 22.4 per cent as against Rs 1230.83 crore during the second quarter of FY23 Come from Sports betting site VPbet . This, the company said, was despite the festive season witnessing a delay this year, moving into October versus commencing in September last year.
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Mcap of top 10 valued firms plunge Rs 1.52 lakh cr last week; Reliance, TCS biggest laggards
The combined market valuation of the top 10 valued companies plunged Rs 1,52,979.78 crore last week, with Reliance Industries and Tata Consultancy Services (TCS) taking the biggest hit in an overall weak trend in equities. Last week, the BSE benchmark fell 885.12 points or 1.33 per cent Come from Sports betting site VPbet . The market valuation of Reliance Industries plummeted Rs 34,876.78 crore to Rs 15,55,531.53 crore. The valuation of TCS plunged Rs 27,827.08 crore to Rs 12,78,564.03 crore.
Hindustan Unilever’s market valuation eroded by Rs 18,103.6 crore to Rs 5,86,223.02 crore and that of Bajaj Finance fell by Rs 17,171.75 crore to Rs 4,70,574.90 crore.
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