Nykaa Stock Trading at ₹238 – Short-Term Target ₹250
Published by Rajkamal Stock Options • Global Market Insights
The Nykaa (FSN E-Commerce Ventures) stock is currently trading at ₹238, showing strong momentum in the short-term. Market analysts predict that the stock could hit a target of ₹250 in the coming days if the current bullish trend continues. This growth is supported by strong fundamentals, increased consumer engagement, and consistent revenue from the beauty and lifestyle e-commerce segment.
Nykaa Stock Snapshot
Detail | Value |
---|---|
Current Price | ₹238 |
Short-Term Target | ₹250 |
Support Level | ₹230 |
Resistance Level | ₹252 |
Reasons for Bullish Trend
- Strong consumer demand across online and offline channels.
- Steady revenue growth in the beauty and wellness segment.
- Expansion in international markets, boosting revenue streams.
- Positive investor sentiment in India’s e-commerce sector.
Pros and Risks
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