Is Nykaa a ‘Buy’ now? 3 reasons why brokerages are bullish
Nykaa's share price has risen by 1.5% to reach a high of Rs 210 after its successful investor day. Brokerages have recommended a 'Buy' on the stock, citing reasons such as improved profitability, expected growth in the BPC business, and expansion plans for the fashion segment. Nuvama expects a mid-20% CAGR for the BPC business and a breakeven in EBITDA margin for fashion by FY26.