Nykaa shares rise 4% on settlement of litigation with L’Oreal

Nykaa shares rise 4% on settlement of litigation with L'Oreal
Stock Price (Image: Canva)

Today the share price of online beauty and fashion e-commerce platform Nykaa which is listed under the name of FSN E-Commerce Ventures Limited has gone up by more than 4%.

The company had disclosed about one of its pending litigation with L’Oreal at the time of its IPO. The company said that the litigation with L’Oreal has been resolved.

Nykaa’s share price has gone down almost 20% in the last one month and the company’s stock has almost crashed 50% from its all-time high.

In such a situation, the news of the legal battle settlement with L’Oreal was taken positively by the investors and today the share price of the company went up.

52 Week High2,573.70
52 Week Low1,125.00
Sector PE204.24
Face Value1
Mkt Cap (Rs. Cr.)61,819
Book Value Per Share12.52

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Net Profit 2021 (Rs. Cr.)36
Debt to equity (2021)0.04
Revenue 2021 (Rs. Cr.)145
Dividend/Share (INR) (Mar 2021)0.00
Promoters holding52.56%

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