Why nykaa Is Trending Today?

Nykaa's shares surged by 5.15% following a strong quarterly performance, with analysts maintaining a positive outlook. The company's revenue witnessed a significant 22% increase, raising questions about its future growth prospects.

Nykaa, a leading Indian e-commerce platform, has reported a significant surge in profits for the first quarter of the fiscal year 2026. The company's net profit increased by 79% year-on-year (YoY) to ₹24 crore, with revenue rising by 22%. This impressive growth has been driven by strong demand for beauty products. Nykaa's share price has also jumped by 5% following this news, sparking interest among investors about whether it's a stock to buy. Analysts and brokerages have Nykaa on their radar, along with other notable stocks such as Paytm, HAL, and Hindalco. The company plans to capitalize on this momentum by doubling down on its premiumization strategy.

Nykaa shares fell significantly on Thursday, with the Banga family selling a 2.1% stake worth over ₹1,200 crore in a block deal, causing the stock to drop by up to 5%.

Nykaa's early investor, the Banga family, is set to sell a 2% stake, valued at approximately $140.3 million, via a block deal.