Nykaa enters top-50 most-valued firms club, stock up 109% from issue price

FSN E-Commerce Ventures (Nykaa) entered the list of top-50 most valued companies in terms of market captialisation in the country as the stock price of company more-than-doubled against its issue price. The stock hit a new high at Rs 2,349, on gaining 6 per cent on the BSE in Friday’s intra-day trade. With today’s rally, the stock has zoomed 109 per cent against its issue price of Rs 1,125 per share.

At 12:10 pm, with a market-cap of Rs 1.10 trillion, Nykaa stood at 48th position in overall market-cap ranking, the BSE data showed. Today, the company surpassed two-wheelers maker Bajaj Auto and personal products company Dabur India in market-cap ranking. Currently, Nykaa stood behind foodtech major Zomato, market-cap stood at Rs 1.17 trillion, data showed.