This Share is down close to its IPO price

[{"selector":"#anim-c0d2ee3d-5a52-4140-b2a6-54d26c0ec4ea","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e749d10d-e0c6-43de-8a5e-525d249302ca","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Share of this company is down. Almost close to its IPO price

[{"selector":"#anim-02f32aa9-4bb5-4ffb-b79d-83b3253247df","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1ffde209-b8d4-492d-80f1-ad05d12eed22","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Stock we are talking about is NYKAA

[{"selector":"#anim-e1de2242-8585-4961-b5ab-601757d580af","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-eaa1f089-cbce-4d96-a438-4c4d2126a335","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Nykaa Stock price was down to all time low of Rs 1130 per share on 19.10.2022

[{"selector":"#anim-f23c7cc9-8000-4707-96f6-f6f6a94e3d0a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e6bce585-eb0d-4732-a45a-cd086754a8f0","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The IPO issue price of Nykaa was Rs 1124 per share

[{"selector":"#anim-2e4d3a94-e5cd-4077-8a49-d787099d44c2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3d88f7ea-beba-414c-aa1d-92642167556b","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Nykaa made its debut on the Stock Market in November 2021 with 79% premium over its issue price

[{"selector":"#anim-3fec8f9a-1c63-4e8b-becf-87ff3eaeca2f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cc4eea73-9fcf-486c-a112-9f84436e0f11","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Presently, Nykaa is trading at 4.9 times of estimated FY 25 revenue

[{"selector":"#anim-d49e2d7c-639e-43fd-a6f6-1f429c258eba","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a4ee2cd3-c414-42bb-b046-31196a2df519","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Nykaa continues to invest in growing new businesses

[{"selector":"#anim-4c6871cc-cf55-4bb0-8b15-34e39f372c65","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b87a46c6-b99f-4b8e-be99-0a74b1435813","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Although investors are dumping Nykaa, brokerage house are bullish on this stock

[{"selector":"#anim-32e807cb-d26f-4bd8-af5b-8bf341a09735","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c9453b29-b88e-4964-bedf-e0daa77162fe","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Nykaa is an Indian Company which was founded by Falguni Nayar in 2012 and is based in Mumbai

[{"selector":"#anim-7fd26e1d-66e7-4431-a0b1-d0c2e3d20259","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9061e477-b67a-4350-8be6-7ed5af68821c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The Company sells beauty, fashion and wellness products across websites and 1000+ offline stores