Nykaa Shares Turn Bullish; Analysts See Up to 26% Upside
Nykaa shares have turned decisively bullish after delivering a strong technical breakout and robust quarterly performance. FSN E-Commerce Ventures, the parent company of Nykaa, witnessed a sharp price surge, supported by rising volumes, improved profitability, and multiple brokerage upgrades. Analysts now see up to 26% upside potential, driven by sustained growth momentum, expanding margins, and improving operating leverage. Technical indicators further reinforce the positive outlook, suggesting trend continuation in the near to medium term.
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