Broker’s call: Nykaa (Buy)
· thehindubusinessline.com
Elara Securities recommends buying Nykaa, targeting ₹475, citing strong user growth and resilience against quick-commerce disruptions.
Target: ₹475
CMP: ₹332.80
Our conviction on FSN E-Commerce Ventures (Nykaa) rests on the dual engines of premium user penetration and premiumisation. Thes...