Nykaa at Rs 900 or Rs 2,300? What Jefferies says on this new-age stock - Economic Times

Consumer stocks in India enjoy a significant premium given the growth runway and this should likely continue for Nykaa although the question remains on the fair valuation multiple, the brokerage said.

NEW DELHI: Foreign brokerage Jefferies has initiated coverage on FSN E-Commerce Ventures (Nykaa) with a 'buy' rating and a base target of Rs 1,650, suggesting limited single-digit upside ahead for th… [+2365 chars]

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