Nykaa shares jump over 5% on strong Q2 NSV growth; Goldman Sachs raises price target
Nykaa's parent company, FSN E-Commerce Ventures, saw its shares rise over 5% after reporting strong September quarter business performance with consolidated gross merchandise value (GMV) growth in the high-20s to close to 30%. Goldman Sachs maintained its stance by raising the price target.
Shares of FSN E-Commerce Ventures, the parent company of Nykaa, rose over 5% on Monday, October 5, after the company’s September-quarter business update showed continued growth momentum, with consolidated gross merchandise value (GMV) growth in the high-20s to close to 30%. Goldman Sachs maintained its view and raised its price target.