Nykaa, Mamaearth shares surge after Q1 profits

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Shares of Nykaa parent FSN E-Commerce and Mamaearth owner Honasa Consumer closed at a high on Wednesday, a day after reporting profit growrh in the April-June quarter.

Nykaa shares closed 4.93% higher at Rs 215.05. The stock touched an intrday high of Rs 220.75 after opening at Rs 215. The company closed the session with a market cap of Rs 61,520 crore.

The counter has gained 31% year-to-date and 15% over the past few months. In the past week, it has risen nearly 3%.

Shares of Mamaearth owner Honasa Consumer ended the day 6.15% higher at Rs 284.60. The…



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Nykaa, Mamaearth shares surge after Q1 profits



Shares of Nykaa parent FSN E-Commerce and Mamaearth owner Honasa Consumer closed at a high on Wednesday, a day after reporting profit growrh in the April-June quarter.

Nykaa shares closed 4.93% higher at Rs 215.05. The stock touched an intrday high of Rs 220.75 after opening at Rs 215. The company closed the session with a market cap of Rs 61,520 crore.

The counter has gained 31% year-to-date and 15% over the past few months. In the past week, it has risen nearly 3%.

Shares of Mamaearth owner Honasa Consumer ended the day 6.15% higher at Rs 284.60. The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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