Nykaa stock up 3% in intra-day trade as company hosts first analyst meet

Nykaa Superstore logs in 45,000 transacting retailers from over 500 cities

Online beauty and cosmetics retailer Nykaa’s share prices surged almost three per cent in intra-day trade as the company held its first investor meet to discuss its business and strategy going ahead. The company’s share closed at Rs 1,435.75 per share, up 0.56 per cent from the previous close.

The detailed discussion and disclosures by the Nykaa management have been appreciated by the analyst community. “At a time when most consumer and Internet firms find excuses for poor disclosures, sometimes under the garb of 'competitive reasons', Nykaa stands out. The company adhered to strong disclosures since listing and its maiden