Nykaa hits record low; slips below issue price with 15% decline in 1 month

Shares of FSN E-Commerce Ventures (Nykaa) dropped 2 per cent to hit a new low of Rs 1,121.60 on the BSE in Tuesday’s intra-day trade.

The stock has fallen below its issue price of Rs 1,125 per share. It hit the lowest level since its listing in November last year and has fallen 15 per cent in the past one month. In comparison, the S&P BSE Sensex was down 0.32 per cent at 59,639 points at 11:31 AM; gained nearly 3 per cent in past one month.

With the recent fall, the market price of Nykaa has tanked 56 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021. The company made its stock market debut on November 10, 2021.