According to Bloomberg, 57.1 million shares (2% of the capital) changed hands in five trading sessions.
Shares of Nykaa’s parent company, FSN E-Commerce Ventures, fell 4% today on heavy volume after multiple trades in the block trading window. According to Bloomberg, 57.1 million shares, or about 2%, were traded during the five trading sessions.
By 10:00 a.m., the stock on the National Stock Exchange decreased by 4.45% and amounted to 176.25 GEL. Meter on Thursday fell 16.5 percent from its November 14 closing price of Rs 211 per share.
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Blocks of 18 million shares worth Rs 319.25 crore were traded on exchanges at an average price of Rs 176.95 per unit, according to reports. Another block of 12 million shares was sold at an average price of 176.70 GEL. There are many other blocks of this type.
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Since the end of blocking on November 9, many transactions have been made on the account. Shares of fellow investors Segantii India Mauritius, Norges Bank, Aberdeen Standard Asia Focus Plc, SocieteGenerale, and Morgan Stanley Asia Singapore (Pte) rose after pre-IPO investors NarotamSekhsaria, Lighthouse India, and TPG Growth.
Segantii India sold 38,000 shares on November 9 at an average price of Rs 175.75 per share and then sold over 33,000 shares on November 15 at Rs 199.24.
Note: The biggest losers of the Nykaa bond issue are the IPO investors.
According to experts, the expiration time of the block coincided with the date of the previous financial disclosure of the securities after that day but was short-lived. PMS CFO Deepak Shenoy tweeted, “If Nykaa raises funds to ease share selling pressure as bonus shares are only after a month… This is a short-term situation, big shares to come.”
Nykaa stock is down 17% in three days including today. Why Are Investors Moving Away From New Age? As the strong trading continued, Nykaa shares fell 17 days in 3 trading days.
Highlights
Nykaa shares went public on November 10 last year.
The company’s stock is down 26% in six months.
Nykaa shares are down 68% in 2022.
New Delhi. Shares in Nykaa’s parent company, FSN E-Commerce Ventures, fell. That share fell 17% over the three trading sessions. Nykaa stock, which has been under pressure for a long time, continues to trade in the red. The 179.65% pre-launch stock is down 2.58% versus NSE. When stock prices fall, investors are expected to sell stocks through block trading windows.
According to Money Control’s report, five of those deals resulted in the sale of 2% of the company’s stock. On November 14, Nykaa’s share price was 211 rupees. Meanwhile, the stock closed at Rs.176.25 on Thursday. Therefore, it decreased by 17% in 3 days and 20% in 4 days. The 1.8 billion shares, valued at Rs 319.25 crore, were sold in closed trade at BSE at an average price of Rs 176.95 per share. Similarly, another deal was completed for 1.2 million shares at Rs 176.70.
Also Read: Why Ramesh Damani Called the Stock Market a Pig: Not Just the Bulls Who Can Beat Them
The blackout period ended on November 9th.
The closing of Nykaa’s shares ended on November 9th. Since the end of the incarceration period, the promotion has seen much movement. Foreign investors Segenti India Mauritius, Norges Bank, Aberdeen Standard Asia Focus Plc, SocieteGenerale, and Morgan Stanley Asia Singapore bought shares from major investors NarotamSekhsaria, Lighthouse India, and TPG Growth. After buying 38,000 shares on November 9 at an average price of Rs.175.75, Seganti India sold more than 33,000 shares on November 15 at an average price of Rs.199.24.
Bonus condition failed
There was a great selling opportunity at the end of the lockdown period. To complete this sale, Naika has announced a free share offering. Management announced the bonus payout at a ratio of 5:1 and kept the previous date of November 10th. After the company’s shares went public for free, they skyrocketed at the end of the lockup period. However, this trend is not sustainable.
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Nykaa Share Price: FII Bulk Purchase and Nykaa Report Bonus Promotion Up Another 12%
Nykaa Shares: Shares of Nykaa’s parent company, FSN E-Commerce Ventures, were up more than 12% at 1:45 pm. They were in the afternoon session.
Nykaa OTC shares were trading at Rs 212.40 per share, up 12.83% on the NSE, and Rs 212.05 per share on the BSE, up 12.82%.
Nicer’s reason is revealed Buy FII
Nykaa sold about 200 million shares in a major deal on November 10 Norges Bank of Norway 3,981,350 shares of the National Oil Fund at Rs 173.35 per share, Aberdeen’s Standard Focus PLC with Na73ro sold 4,272,334 shares achieved S18. Saksaria acquired 14,745,150 shares. Nykaa shares are worth Rs 173.70 per share.
Nika Award Promotion
Today is the registration day for the good news 20 Avant, so Nikaa is also part of the good news. The blue-chip record date is November 11, 2022. The fixed annual period for large investors ended on 10 November 2022 when the non-commodity shares were listed on the Indian Stock Exchange.
Learn more about Nika awards and share them here
On November 1, Nykaa announced its financial results for the July-September quarter. The company reported a consolidated net income of Rs 500 crore, up over 330% from Rs 100 crore last year. The company’s operating income increased by more than 39% to Rs 1.23 billion from Rs 885 million in the same period last year.
Nykaa NSE share price
After listing, Nyker shares reached a market capitalization of Rs 2,573.70 on the NSE on November 26 last year. The share price then began a correction, hitting an all-time high of Rs 975 on Friday, October 28, 2022, below the IPO price of Rs 1,125.
Nykaa was founded in 2012 by Falguni Nayar. The Mumbai-based company’s shares were listed on the NSE and BSE on November 10 last year at Rs 2,001 with a premium of 77.87%.